I am looking at today’s gold price chart, mainly focused on 4 hour timeframe.
It is clearly a formation of a few bearish divergence on gold price chart. I am using Awesome Oscillator to measure divergence. I am expecting a bearish for gold price, rejection on the trendline. Otherwise, if the price do break the yellow trendline as you can see on the chart, my outlook turn bullish.
So I will closely monitoring the movement of gold price.