Last time Gold hit an RSI of ~85 was the first half of 2008, when it crashed 31% (a high of $988 to a low of $681) during the 2nd half of the year, only to rebound to new highs the following three years. History could begin to repeat this year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.