Gold price finally declined yesterday, but it’s still above its 2023 high – is this just a verification? In short, that’s possible, but it’s not what appears likely. Despite yesterday’s (still relatively small) decline, gold remains extremely overbought, and the RSI indicator confirms that. The RSI is still above 70 even after a $22.50 daily decline – which shows just how ridiculously overbought gold has become. Gold remains above the 2023 high, but given what’s been doing on an intraday basis, we might not need to wait long for this breakout’s invalidation. After yesterday’s decline, gold moved slightly back up, and ... (full story)