[Opinion] Gold Isn’t Out of the Woods Just yet, but Its Bullish Potential Remains

The technical chart is showing weakness, but there is no weakness in the trend. The current price of Gold June Futures (MCX) is around ₹93,200. On the 1-hour time frame chart, both the Stochastic and Stock RSI have reached the overbought zone (above 90), which suggests that the market is currently exhausted and some profit booking may take place. Despite this, indicators like RSI (61.86) and TSI (True Strength Index) are showing a bullish trend.…

Gold isn’t out of the woods just yet, but its bullish potential remains

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Is This The Final Bullish Surge For Stocks, Gold and Oil » TheTechnicalTraders

Today, Steve Barton of the In It To Win It Podcast and I took a deep dive into the growing storm that is lurking just under the surface of the stock market and economy. In particular, we discussed whether the current surge will gain more momentum or whether it is a bear market bounce. Sign...