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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