RSI divergence pattern forming on daily gold chart

31. Aug. 2017

EMA(10) and EMA(25) are doing good job as support levels since mid-July. Gold bulls are defending the borders pretty well, but it seems that there is an RSI divergence pattern forming on the daily chart. Either direction is possible for now. We need to watch on the coming days whether this is a reversal signal or an other pullback to spike further. Anyhow the touch and pullback of pins from the EMA lines look lovely to me:)