Gold, do you remember last October?
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From late August to the peak in October last year, gold prices rose by about 30%, reaching the upper boundary of the trend channel before pulling back. The recent wave of selling has brought a similar increase of about 30%, with gold prices once again touching the top of the same channel. Momentum is already excessive: the Relative Strength Index (RSI) is nearing overbought levels, although it remains slightly below the extreme values seen at the peak in October
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