XAUUSD: Short-term Correction!

XAUUSD, M30

On the M30, XAUUSD, after a short-term bullish move, reached 161.8 Fibonacci, breaking the trendline and falling. RSI formed a divergence, and Momentum crossed 100.0, which may signal the beginning of the fall!

• XAUUSD may be considered to sell on a breakout below 2616 with a target to 2606 and further to 2590;