Is Platinum overbought right now?
By the standard 14-period RSI, platinum is currently neither overbought nor oversold. Its RSI reads 64.2, and the conventional thresholds are 70 for overbought and 30 for oversold.
The detail
The 14-period Stochastic %K agrees or disagrees independently: it reads 99.8, which is in overbought territory above 80.
Overbought does not mean "about to fall". In a strong trend RSI can sit above 70 for weeks. It means the recent run of gains has been unusually one-sided compared with the last 14 sessions — nothing more.
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