Commodity Trade Mantra

Posts Tagged ‘Overbought Conditions’

Gold Price Not Overbought But Reverting To Its Mean

The key question which this article focuses on: Is gold overbought? The gold price was at record lows, in extremely oversold territory, only six months ago & sentiment was extremely negative. Based on historical observations and the math of the markets, gold price seems NOT overbought; it is simply reverting to its mean.

The S&P 500 Is Now At Extremes

Today’s chart looks at the market from a technical perspective.  While there are a plethora of Wall Street analysts calling […]

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