Gold, do you remember last October?

Wallstreetcn
2026.01.26 23:54
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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

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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