Was looking at a weekly gold chart and thought this might be worth a post. If anyone was thinking of buying physical gold it might be worth holding off for a couple of weeks. What caught my attention was the RSI indicator , normally when it bounces off the red line in a chart 3 or 4 times it normally drops through it. Bob Hoyes crew crew put out a piece as well saying to hold out for lower prices to go long again. It might tie in with the general rally idea in most markets, if fear drops gold might sell off for a bit even if the other commodities caught a bid. The target is just a guess and I wouldnt look for oversold on a weekly chart to go long again

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