Gold Just Hit Its Most Oversold Level Since 2023 — And It's Sitting On A Key Technical Lifeline

Gold's latest pullback may look like just another leg lower — but under the surface, the technical setup is starting to flash something far more interesting.Source: TradingViewMomentum has now cracked to its weakest level in over a year, with the RSI (relative strength index) slipping into oversold territory for the first time since 2023. Oversold Signal ReturnsThe last time gold hit similar RSI levels, the selloff didn't last long. Instead, it marked a turning point as sellers ran out of steam and buyers s ...