Gold technical indicators signal imminent rise
The host argued that gold's technical indicators are flashing a stronger buy signal than they did prior to the previous major rally, suggesting a sooner-than-expected upside resolution.
The argument
The host pointed out that both the slow stochastics and the RSI have moved from extreme overbought to oversold levels, a pattern that preceded a major $1,000 move in late August. The guest agreed structurally but suggested the breakout to new highs might wait until 2026.
The thesis, stress-tested
✓ What validates it
- ✓Gold prices break out of the present consolidation pattern to new 52-week highs
- ✓Stochastics flash a confirmed buy signal from oversold territory
▸ Risks discussed
- ▸An exploding US dollar could cap or delay gold's upside resolution
- ▸The consolidation phase could drag on longer into 2026 as a broader correction
Hear it yourself
"Well, Patrick, I'm on the fence between Ola Hansen's view that the next leg higher in this gold bull market will be a 2026 story, versus maybe a different view that a sooner higher move might be in the cards already. The reason I say that, the slow stochastics and the RSI both went from extreme overbought to oversold."
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