3 RSI Head and Shoulders that might come in play soon

Hi Traders,

Since yesterday when I started looking the RSI on the graphs very closely I found 3 head and shoulders on RSI which is very close to start bursting...

First one is on $XAUUSD (GOLD) Daily which I also spoke about in the 'quick live session' on Periscope yesterday:

(click on image to expand)

Today's close will be very important because if we close today very bearish and RSI line bellow trend line (TL), it will indicates that this formation will start taking shape and $GOLD can crush down very fast.. So wait for the Daily close today and let's see if we can break that 'neck line'.

Here is another one on $EURUSD Daily:

(click on image to expand)

$EURUSD had another H&S on RSI but a bullish one few days ago and that worked amazing. From the breakout of the neck line, he went 600 pips higher! Anyway, now we have another one but bearish. So the setup here is the same as on GOLD. Lets wait for the breakout of the neck line and a daily close bellow to have confirmation and stablish shorts.

And finally, here is the third one, $USDSEK Daily:

(click on image to expand)

This one is a tricky one and we need more confirmation than the $EURUSD and GOLD because we need to jump from current levels to form the right shoulder. If the $USD stays strong today, we have a great chance to jump and close higher which will build the right shoulder and than we can look for the breakout of the neckline.

Note: These 'head and shoulders (H&S)' are formed on RSI, not in price action. When this formation is created on RSI and plays out, 8/10 gives a very strong move in the market. For example: if that H&S on $EURUSD plays out, I can see $EURUSD reaching 1.0800 maybe in coming sessions.

Also, if you don't know what I am talking above.. feel free to watch my free webinar bellow, I explain very clearly how RSI works and what you can expect:

By Thiago Duarte
Chief Strategist at Duarte Investment Group 
thiago@duarteinvestmentgroup.com 
@thiagotrader