Gold prices are back to overbought via RSI on the monthly, weekly, daily, four hour, hourly and even 30-minute charts. On the monthly, gold is even more overbought now than it was back in September, when the metal topped for a few months. The bigger question at this point is whether that overbought backdrop matters as there’s obviously a reason, or a few reasons, that this has all taken place. Trends are always going to be unpredictable. One that’s been this consistent can often be alluring in the fact that it seems perhaps more predictable than normal. But, traders need to remain cautious as the prospect of ‘buying ... (full story)