Gold: Near term target.
This is a f/u from 9/7/20 Notice the RSI can be used as a oscillator. The "nnl" on the daily
RSI stands for "no new low" . When a oscillator cycles down but the price does not that is positive as it has been for the last few cycles. I think it is likely gold will rise in the new future just as I expect the US Dollar to fall. Plus there is fear in the air in the USA about the next election like I have never seen before which could benefit gold. The liberals threaten "fighting in the streets" and "burn it down" if Trump wins. The conservatives feel if the socialist's who are for open boarders, sanctuary cities, and the end of carbon based fuels, and government control of just about everything take charge well....that is the end of American as we know it.
RSI stands for "no new low" . When a oscillator cycles down but the price does not that is positive as it has been for the last few cycles. I think it is likely gold will rise in the new future just as I expect the US Dollar to fall. Plus there is fear in the air in the USA about the next election like I have never seen before which could benefit gold. The liberals threaten "fighting in the streets" and "burn it down" if Trump wins. The conservatives feel if the socialist's who are for open boarders, sanctuary cities, and the end of carbon based fuels, and government control of just about everything take charge well....that is the end of American as we know it.
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