The precious metal was maintaining the upside on Thursday as the US and China trade talks hit a stalemate. There was no major news from the trade talks which has become one of the key points for investors.
Risk sentiment is back on as equities are retreating from the gains made earlier since last week.
XAU/USD Rises but Mind the Divergence
The precious metal has been rising steadily after breaching the support/resistance level of 1462. Price action is signaling a hidden bearish divergence.
This could potentially see the precious metal sliding back to the support area. If gold prices fail to break down lower, then the weekly chart will signal a doji that could indicate a reversal from last week’s declines.
