Barrick is looking extremely overbought and in a FOMO stage. Weekly charts still show there some upside left. However, historical RSI levels are way too high. Also, if price action turns at these levels and shows signs of resistance, price will cool off. There wont be any real break out until it pops out of this downward channel that appears to be forming. Exercise caution if you are going long. Gold has been in a multi-year bear market. Is this the beginning of a new trend or simply a FOMO rally?


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