Gold + RSI Divergence (Click to find which one)

Good day guys! My team and I have been milking Gold all week with 200+ pips trading live Tuesday, Wednesday & Thursday. However, I am simply updating you all on the overall move and that is downward. As price action demonstrates to break the previous high this week, you notice there is bearish divergence present within the RSI. With the relative strength index indicator providing us a strong confirmation of a market reversal, we are now waiting to check off all the confirmations within our checklist. In other words, just because the RSI indicator is showing signs of a reversal, it is not something we trade alone. If you notice our previous analysis around June 8-10th, we were able to send a last warning before profiting over 1200+ pips. However, that was a opportunity we were watching for almost 2 months. When it comes to trading as a professional, you have to digest that you will probably spend 5% of your time actual trading and 95% waiting. Due to the fact that the markets tend to range more than they trend, you have to be patient. We could see our move occur next week or it could be drawn out until the end of the month, until the next Fed meeting. In conclusion, instead of trying to predict, we simply just react. Well, we do appreciate you for checking out our post and remember, we will see you on the other side.

Rodrick Goss (CEO)
Third Eye Traders