Gold $GLD hits most overbought level since January's all-time high x.com/Barchart/status/20924761…
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Gold $GLD hits most overbought level since January's all-time high x.com/Barchart/status/20924761…
· 81K Views
@Barchart Monthly View: BULLISH 📈 — Gold remains in a strong uptrend; holding above 4500 keeps the long-term bullish structure intact, with 4700 as the immediate breakout zone.
@Barchart Gold is absolutely flying right now. It might need to take a quick breather at these levels, but the overall chart still looks incredibly strong.
@Barchart overbought on rsi, but price is only 2% over its 200d. that's momentum inside the range, not a stretched tape. calling top here is fading a rally barely above trend. x.com/The_DailyDigits/status/2…
@Barchart Gold is getting crowded again 👀 Momentum is strong, but an RSI above 70 is where chasing starts to get uncomfortable.
@Barchart That usually signals a pullback is coming, but momentum traders might ignore the technicals for now.
@Barchart Not true, this is the monthly chart and its looking beautiful oversold.... this account is constantly pushing the opposite news... Hail Gold and Silver! x.com/Xatoxi_/status/209254502…
@Barchart It's hit that level 33 times in the last decade. 3 times a year. Nothing to be concerned about until monthly hits overbought. Currently it's hot, but not too hot, at 66. Decent recovery considering the crazy spike to 95. x.com/utopia_escape/status/209…
@Barchart $GLD Daily Combo® Sell Countdown® 13™ possible today. +17.2% since the Buy 13™ bottom on Jul 16, over 28 trading days. That kind of move into a Combo® 13™ is exactly what exhaustion looks like — at least short-term. @DeMarkAnalytics x.com/alpha_forecast/status/20…
@Barchart Gold being overbought is less interesting than what is forcing buyers back in every dip
@Barchart Irrelevant... everyone wants it higher.. its going higher. The end
@Barchart Weekly and daily bells flashing sell x.com/CurrencyForte7/status/20…