TomNewYork

GLD when RSI near 30

BATS:GLD   SPDR GOLD SHARES
204 0 2
During 2013 when GLD             has been very close to or at the 30 level it has led to a bottom within 1 to 6 days.

During April             and June it led to crash type action and extreme downside.

RSI below 30 is a warning sign that price action can accelerate rapidly and that a highly volatile spike bottom is coming soon (1 to 6 trading days ).
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