We could see a pullback to the trend line or moving average very soon. Because the RSI indicator is showing GOLD is extremely overbought. While the TD Sequential is showing a "9" meaning we could see the end of this uptrend for the time being.
Due to the current economic environment, I will be adding more Gold stocks to my portfolio.
RSI is overbought and if you're seeing a pullback to the trend line, why would you be adding more gold stocks? Is this pullback short term on a bullish uptrend?
johninvest17
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@diash01a, I'm adding more because I think the uptrend is still there. I think this pullback is similar to the one in Feb 2020. The big correction is due next month.
diash01a
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@johninvesting9, You plan on selling before the big correction? Does the chart show when in Sep (early or late)?