Tipping points that gold investors shouldn't miss
The situation in gold and gold stocks is not stagnant. Something shifted. And the implications are not minor.A Moment of RealizationIn 1993, Aerosmith released the song called “Amazing”. I really enjoyed it when it came out and some of the lyrics stuck in my mind. When I was reviewing the charts to prepare today’s analysis, I recalled a part of that song. I wasn’t sure why, as it’s been sometime when I was listening to it.
Who needs anything else for trading gold, when there’s RSI?
You do. At least if you want to catch the really big and really profitable moves, and not only the small ones. Let me explain.Rethinking RSI's Role in Gold Trading The accuracy of the RSI (Relative Strength Index) for gold and mining stocks is quite notable. In fact, it’s more than that – it’s a very good indicator for both related markets. Some might even say that once you pay attention to RSI, other techniques of analyzing the market become obsolete.Is it really true, though? The opening part of today’s analysis seems to suggest otherwise. Let’s check.