Possible XAUUSD Short Trade

There is a possible correction looming, both RSI and Stochastic showing bearish divergence. There is some resistance at this level with it being testing it 4 times, we are now at the apex of an ascending triangle. The target projected from the triangle measurement is just above the 38.2% FIB level, this are should provide support to a move down before possibly moving back up to retest resistance.

Comentarios:

Price did not break below the trendline and has now broken to the upside so the triangle analysis is no longer valid.