{"id":13002,"date":"2022-12-20T11:22:05","date_gmt":"2022-12-20T11:22:05","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13002"},"modified":"2023-05-17T11:24:27","modified_gmt":"2023-05-17T11:24:27","slug":"xauusd-be-careful-with-this-rsi-bearish-divergence","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/20\/xauusd-be-careful-with-this-rsi-bearish-divergence\/","title":{"rendered":"XAUUSD Be careful with this RSI Bearish Divergence"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Gold (XAUUSD) is rising today supported by the 1D MA200 (orange trend-line). The pattern is so far a Rising Wedge since the November 15 High and the next Higher High limit is currently at 1835.<\/p>\n<p>At the same time, the 1D RSI has been within a Falling Wedge, indicating a Bearish Divergence. Though this is not a long-term sell signal, it certainly shows the potential of a technical pull-back to the 1D MA50 (blue trend-line), which Gold hasn&#8217;t had since the November rally started. The RSI though remains supported on a Higher Highs trend-line that started on the September 26 Low (and was what helped us predict the November rally), so as long as it does it remains short-term bullish.<\/p>\n<p>As a result, we remain bullish as long as the price trades within the Rising Wedge, targeting 1834, but a break below it (also the 1D MA200) will be a short-term bearish signal for us towards the 1D MA50.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/EU949Lar-XAUUSD-Be-careful-with-this-RSI-Bearish-Divergence\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/EU949Lar-XAUUSD-Be-careful-with-this-RSI-Bearish-Divergence<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Gold (XAUUSD) is rising today supported by the 1D MA200 (orange trend-line). The pattern is so far a Rising Wedge since the November 15 High and the next Higher High limit is currently at 1835. At the same time, the 1D RSI has been within a Falling Wedge, indicating a Bearish Divergence. Though this<\/p>\n","protected":false},"author":611,"featured_media":13003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-13002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13002"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13002\/revisions"}],"predecessor-version":[{"id":13005,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13002\/revisions\/13005"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13003"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}