RSI indicator explained
Overbought or oversold?
RSI tells you if a move is stretched.
RSI 14 on gold
RSI 14 under the gold chart: above 70 is overbought, below 30 is oversold.
Rules
- Above 70: overbought, stretched up
- Below 30: oversold, stretched down
- Strong trends can stay there a long time
Above 70 is overbought, below 30 is oversold. But in strong trends RSI can stay there a long time, so do not sell just because it is above 70.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.