Commodity Trade Mantra

Posts Tagged ‘Oversold Territory’

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.

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