#TradeIdea All Eyes on XAUUSD! On the H4, XAUUSD test | FBS Analytics
#TradeIdea
All Eyes on XAUUSD!
On the H4, XAUUSD tested the crucial 2375 resistance aligned with the golden Fibonacci ratio. The RSI oscillator shows a bearish divergence, giving an extra bearish sentiment for the Gold:
If the price breaches above the 2375 resistance, the next target will be at 2400; However, if a correction occurs, the price may retreat to 2335 and 38.3 Fibonacci.
Hit if you're buying Gold. Click if you sell XAUUSD!
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