Gold Most Oversold Since 1985

Chart 1: Gold is now down almost 28% over the last 12 months

Source: Short Side of Long

According to at least one technical indicator, Gold is now most oversold since 1985. The indicator I am tracking here is the simple yearly rolling performance, also known as 52 week rate of change. Essentially we are looking at the performance of an asset over the last 12 months – and Gold is having one of the worst ones ever.  (more)

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