GOLD PREPARING FOR A HUGE SELL-OFF: MULTI YEAR ANALYSIS

After the crazy run-up we saw earlier this year GOLD is finally consolidating. Is it ready for a drop?

The monthly RSI peaked at 84 points. The last few times that the monthly RSI peaked above 80 points we saw a retraction of 35% to 45% in the period after the RSI peaking.

The $1400-$1500 level is chosen specifically because it’s an area of resistance which has been holding strong since 2006.


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