Gold and Double Divergence

23 thg 1, 2017The double bearish divergence gives a signal that the uptrend is going to reverse. It's time to close long trades and think about opening short trades. RSI confirms price reversal from 1220.00 level. ADX line falls to 20 level and allows to trade in both directions. Wait for the moment, when MACD histogram starts falling. After that you can open short trades below MA20 with stop orders above the local swing high and target profit at MA100. Don't forget about money management rules.

25 thg 1, 2017

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