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Gold’s RSI Hits 95: A Rare Signal That Preceded Historic Corrections
Gold’s RSI Hits 95: A Rare Signal That Preceded Historic Corrections
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Gold's relentless rally has pushed its Relative Strength Index (RSI) to an extreme 95 on six-week charts—a level seen only once before in 1968. Such overbought conditions historically precede sharp corrections, with past instances seeing drops up to 63%.
The metal's 4-5% plunge to $5,165 on Thursday underscores the fragility of its record-breaking surge. Market technicians view RSI readings above 70 as warning signs; at 95, the indicator suggests exhaustion rather than opportunity.
This isn't a gold-specific phenomenon. Cryptocurrencies like BTC and ETH have shown similar patterns when RSI enters extreme territory—often followed by violent mean reversion. The difference? Crypto assets typically recover faster than traditional SAFE havens.
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