Gold weekly showing the 65 week MA magnet line. Price always makes it back to touch the 65 week MA and as seen above, it has been over two years since this occurred last. Price is also at a furthest point away from the 65 MA, red circles, thus, even a move of half the distance closer is in order at a minimum. Considering that when prices revert back they often overshoot, the case is easily made that gold is 300 dollars overpriced based on this chart. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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