The 650 Elephant Gold's Rampage - Time for the Overshoot?
Not even trend channel highs
Gold's great trend channel remains intact. The latest short term break out is working out well. RSI is up and elevated, but still not at extreme levels. Short term 21 day moving higher, currently at $2930, while the 50 day comes in at $2850. It would be a shame not to print the upper part of the perfect channel, maybe even overshoot it...