GOLD entering Bear Market

If you look at RSI and Stochastic RSI across higher time frames—weekly, bi-weekly, and monthly—they're sitting at extreme overbought levels. Historically, similar conditions in 2008, 2011, and 2020 were followed by major corrections or long periods of sideways movement in gold.

Right now, all I see in the media is hype around buying gold, which often signals distribution—whales unloading positions onto retail. While overbought conditions don’t tell us exactly when a correction starts, they do suggest we’re not in a solid buying zone. In fact, we might be approaching a significant top.


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