Gold Futures Showing signs of Possible Bearish Divergence

Looking at the continuous gold futures chart, there is some clear bearish divergence happening between the price making new highs and the RSI simultaneously making new lows. I am not trading gold, but this is a good opportunity to see how the price reacts when it reaches the upper resistance (if it makes it that far). In my opinion the divergence is a sign that bullish steam is running out, but I have been wrong before.
Lets see how this one reacts in the coming days/weeks. Could be a short opportunity here. If it breaks out this Idea will be void.

Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.

L.R.

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

bearish divergence strategy worked well, price took a hit. if I were trading this i would close the trade. I am not trading this but good to see how the idea materialized.