Also similar to gold , we are long term very , but there must be a consolidation on this movement before any further upward movement can continue.
I don't use the RSI to count the waves very often. I use it more for understanding where likely next turning points will be. However, you can use it to some degree because as you can see the RSI maxes out at high level cycle maximums. We'd be looking for turning points in the RSI rather than looking at its value.