Bearish Divergence RSI Gold Analysis

Good day guys! I have been patiently waiting for this setup to activate. However, price action for the past two weeks found a way to rally some more. This has led to the RSI Divergence continue on its path. If you notice the head and shoulder has formed on the 4hr, with he bearish RSI divergence, with the fed saying the end of last week they are wanting to tamper, the retail sales did not do as well, et cetera. There are many reasons to be looking into getting into this position. I do have three positions in 1904.36, 1904.28 & 1901.46). I do believe in trailing your SL into profit to ensure being a risk free trade. Remember, I am not a predictor of markets, for my trading is all about reacting. I just understand the technicals and fundamentals. Warren Buffet once said, "Be fearful when others are greedy and be greedy when others are fearful." Be sure to leave a comment, like and share this for your support. We do appreciate you checking out our post and remember, we will see you on the other side.

Rodrick (CEO)
Third Eye Traders

Comment:

You should be up 100+ pips if you took this trade. Trail your SL into profit!

Comment:

300+ pips in profit!