RSI really isn't something I consider when adding a trade. I'll watch how the RSI is behaving when the MACD resets at zero, with RSI ideally holding above the 40 or 50 level (similar to what GDX did in the chart this week). I also look for RSI divergences especially on the indexes for early warning signals of trend changes.
When RSI is overbought, are you more cautious to buy? Are you more inclined to buy when RSI is near 50 and rising?
RSI really isn't something I consider when adding a trade. I'll watch how the RSI is behaving when the MACD resets at zero, with RSI ideally holding above the 40 or 50 level (similar to what GDX did in the chart this week). I also look for RSI divergences especially on the indexes for early warning signals of trend changes.