Gold Misleading RSI Bullish Divergence

Good day guys! It has been a few days since my previous post. Those who follow me know that I am a long term trader, so when I enter a position, I look to hold that position for days at a time. On the chart, I wanted to show you what I found in common with all these positions I entered into as the trends continues downward. There appears to be price action rejecting the trend line/zone, an aggressive move to the downside with price action making lower lows and RSI making higher lows. This brings forth a small rally or price action ranging a bit before continuing to the downside. I am a probabilities and statistics nut, so I do not see why the odds are not highly likely to provide the same outcome. If you notice, price action is slumping over, which is bearish. I teach this in my advance teachings. Gold will have its run to new highs. However, based on the fundamental and fears of rising interest rates, I do not believe that time has come. In other words, "it is too soon." To gain access every time I send out an update, be sure to follow for my technical and fundamental analysis from tradingview.com . 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