When gold rallied a few years back support was up to 30% above the weekly 200 EMA.
Today gold is also rallying and for now its only about 18% above the EMA. So you could argue it isnt overbought until it gets to >30% above the 200 EMA on the weekly.
Today gold is also rallying and for now its only about 18% above the EMA. So you could argue it isnt overbought until it gets to >30% above the 200 EMA on the weekly.