XAUUSD MACD INDICATOR IS SHOWING DIVERGENCE ON W1 CHART
SEASONALLY GOLD IS DUE A DROP TILL END OF MAY BEFORE CONTINUING UPTREND FOR THE SUMMER.
THIS WEEKS CANDLE FAILED TO BREAK ABOVE PREVIOUS WEELY HIGH.
DROP TO 1530 WILL JUST BE A TEMPORARY RETRACEMENT WITHIN LONTERM BULLISH TREND
THERE IS DIVERGENCE FROM 1530 AND COMBINED WITH SEASONAL EXPECTATIONS ITS POSSIBLE PRICE COULD RETRACE TO 1530 OR BELOW BY END OF MAY 2020.
SEASONALLY GOLD IS DUE A DROP TILL END OF MAY BEFORE CONTINUING UPTREND FOR THE SUMMER.
THIS WEEKS CANDLE FAILED TO BREAK ABOVE PREVIOUS WEELY HIGH.
DROP TO 1530 WILL JUST BE A TEMPORARY RETRACEMENT WITHIN LONTERM BULLISH TREND
THERE IS DIVERGENCE FROM 1530 AND COMBINED WITH SEASONAL EXPECTATIONS ITS POSSIBLE PRICE COULD RETRACE TO 1530 OR BELOW BY END OF MAY 2020.