RSI divergence
https://www.tradingview.com/x/EqO1ndde/
Today, ahead of a substantial downward movement in the gold market, there is a notable and encouraging divergence observed on the Relative Strength Index (RSI). This divergence pattern on the RSI indicates a potential bearish signal, suggesting that the price of gold may be on the verge of experiencing a significant decrease. Traders and investors are closely monitoring this RSI divergence as it could indicate a possible shift in market sentiment, potentially leading to a downward trend in gold prices.
Today, ahead of a substantial downward movement in the gold market, there is a notable and encouraging divergence observed on the Relative Strength Index (RSI). This divergence pattern on the RSI indicates a potential bearish signal, suggesting that the price of gold may be on the verge of experiencing a significant decrease. Traders and investors are closely monitoring this RSI divergence as it could indicate a possible shift in market sentiment, potentially leading to a downward trend in gold prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.