XAU/USD Turns Bearish on H4 Chart
The below is the H4 chart of the XAUUSD. The green 5-period EMA has crossed below the orange 10-period EMA (green ellipse) and the RSI has moved below 50 (blue rectangle). These are bearish developments. If the EMAs maintain and develop further angle and separation it will likely be due to downward pressure. We continue to monitor.
Past performance is not an indicator of future results.
CHART SOURCE: FXCM MARKETSCOPE 2.0
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