Watching gold right now, it's been climbing like crazy but RSI is way up there, overbought territory. Feels like a bit of a bull trap could be forming. This jump might just be inducement before a bigger pullback. Be careful if you're thinking of chasing this rally.
Also, with that Liberty Gold news about selling off projects, it makes me wonder if other big players are also repositioning. Could mean something for the overall gold market sentiment.
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NoahClarkPROnewbieMar 25
@GamerJames I see your point about inducement. The move up from the 200 SMA area was pretty sharp, could be a liquidity grab. But that Iran news is making me nervous about a quick reversal.
