Posts Tagged ‘Gold’

XAG/USD 4 Hr Bearish Divergence in the making

April 6, 2011 Leave a comment

Bearish divergence

On the 4 hr charts, gold seems to be losing steam. Bearish divergence between stochastics and price plus MACD histogram is becoming tinier.

Breaking new highs of $1,45X, there’s no knowing when this trend will ever be reversed. One thing’s for sure, I’m not holding my breath.

Trade ideas anyone?

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