Looking at gold price and gold miners again, without much analysis, just opening the topic for a discussion.
What is your opinion on gold price in a very short-term (several days to a couple of weeks)? Specifically, do you think gold is consolidating in a triangle pattern and will move up for another two weeks despite overbought RSI? Or do you think gold is ready to reverse and go back towards $1300 for two weeks, letting RSI cool down?
A similar triangle formation is on the GDX gold miners ETF.
Good luck with your investments!
