$PAXG 4-hour RSI (14) is 24.3, entering oversold territory, with the current price at 4054.6.
Oversold conditions indicate a sharp short-term drop, but they don’t mean a bottom is imminent: in a weak market, RSI can stay subdued below 30 for a long time. A bullish divergence is more worth watching—the price makes a new low, but RSI does not.
Once a signal appears, planning your exit is more important than guessing the direction.
Oversold conditions indicate a sharp short-term drop, but they don’t mean a bottom is imminent: in a weak market, RSI can stay subdued below 30 for a long time. A bullish divergence is more worth watching—the price makes a new low, but RSI does not.
Once a signal appears, planning your exit is more important than guessing the direction.