Gold’s Monthly RSI Reaches Record High of 91.5

The precious metal’s relative strength index now stands at its highest level ever, surpassing peaks seen in 2001, 2008, and 2020.

Summary

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Terms & Concepts
  • Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements, often used to identify overbought or oversold market conditions.
  • Overbought: A market condition where an asset's price has risen sharply to a level considered unsustainable, often preceding a price pullback.