Members login
Gold RSI above 75 for 3rd Time in Past Year
Written by article default Friday, 24 September 2010 13:05
Daily Bars
Sights remains on round figures such as 1300, 1400, 1500, etc. Watch channel resistance going forward. The line is at 1315 today and increases about $3 a day. Of note are the blue colored bars on the chart. These bars indicates an RSI that is above 75. This happened back in November 2009 and May. In both instances, Gold continues higher before reversing.
Click here to learn more about DailyFX.