Gold Prices to Watch as RSI Rebounds From Lowest Reading Since June

From dailyfx.com

The price of gold is little changed from the start of the week even though the Federal Reserve plans to “achieve inflation that averages 2 percent over time,” but the pullback from the record high ($2075) may prove to be an exhaustion in the bullish price action rather than a change in trend as the Relative Strength Index (RSI) appears to be bouncing back from its lowest reading since June. The price of gold continues to consolidate within the August range after marking the longest stretch of gains (nine consecutive weeks) since 2006, but a wedge/triangle formation may pan out in September as the Federal Reserve ... (full story)