17 August
Gold and silver market
The Relative Strength Index (RSI) for Comex Gold futures, as observed on the daily chart, currently stands at 24. A similar RSI level of 26 was noted on February 27, 2023, leading to a subsequent low of $1887. Following this, a notable high of $2143 was reached on May 4, 2023.
These instances present opportune moments to consider accumulating supplies for a 2 to 3-month period and strategically establishing extended long positions in the Gold market. As discerned from historical trends, these junctures offer potential advantages for astute investors to make informed decisions.
– Nitin Kedia
