Loading ...
Before I explain the obvious caution I am advocating in the arrow and dotted lines in these charts, be it known that the explosion in RSI levels, which has taken my beloved gold and gold miners to record RSI levels, is emphatically bullish from both a sentiment and technical perspectives. Massive changes in DESI (not shown here) and RSI are incredibly bullish inputs to the monthly charts and to the weekly charts BUT (and I shout “BUT BUT!”) they are NOT telling you to load the gun tomorrow.
https://www.gold-eagle.com/article/beware-feint