sngyuchao

Long Gold because it is oversold

Long
sngyuchao Updated   
COMEX:GC1!   Gold Futures
I am putting a case across where I think that Gold is currently oversold (technically). The RSI is now at 12 and we are at a strong support zone (see the 3 arrows). At least in the short-term, Gold should find some support.
Order cancelled:
Gold did not go up (even though Silver did). It seems like the Gold/Silver Spread may have ended it's up move with a "3 pushes" or ending diagonal.

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