Possible but this would need a very long time of sideways and neutral market process. The RSI would adjust by upside pressure or by staying long enough in a sideways market. If you look at the beginning of May until the break on tuesday it hold on a normal level. Then it falled very intensive. Such a fall has to be adjusted by a upside correction or sideways market. In consideration of the fact that ECB will decline the prime rate it would support the idea of a rising gold price.