GOLD GDX Gold Futures
Gold has been under pressure in February as 
DXY moved higher. Now gold finds itself at an important juncture with weekly RSI at the 50-level. This level acted as resistance in 2022. Will this level now act as support?
Also notice that when weekly RSI remained below the 50-level in 2022, price action was weak – so lot at stake for gold.
DXY moved higher. Now gold finds itself at an important juncture with weekly RSI at the 50-level. This level acted as resistance in 2022. Will this level now act as support?Also notice that when weekly RSI remained below the 50-level in 2022, price action was weak – so lot at stake for gold.
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