There is a big RSI indicator divergence on the daily gold chart. This is when the price makes higher highs but the indicator makes lower highs as FXStreet’s analyst Rajan Dhall explains. Key quotes “A big RSI indicator divergence is usually a sign that the momentum in the move might be slowing. It doesn’t mean the trend is over but there could be a short term pullback.” “In the very near term $1700 could be a support zone. Beyond that, $1650, $1600 and $1550. It seems all the support zones are converging at round numbers.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Bulls remained on the defensive FX Street 2 years There is a big RSI indicator divergence on the daily gold chart. This is when the price makes higher highs but the indicator makes lower highs as FXStreet’s analyst Rajan Dhall explains. Key quotes “A big RSI indicator divergence is usually a sign that the momentum in the move might be slowing. It doesn't mean the trend is over but there could be a short term pullback.” “In the very near term $1700 could be a support zone. Beyond that, $1650, $1600 and $1550. It seems all the support zones are converging at round numbers.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
