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GOLD Oversold RSI level

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CFD Oro (US$/OZ) (TVC:GOLD)  
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TVC:GOLD   CFD Oro (US$/OZ)
Trend Analysis Technical Indicators Fundamental Analysis Gold goldtrading goldidea goldusd goldanalysis goldlong goldforecast goldsignals goldbuy
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trendanalysis indicator fundamental gold goldtrading goldidea goldusd goldanalysis goldlong goldforecast goldsignals goldbuy
Gold is oversold at this point (RSI under 30).
Shouldn't the inflation and the war be positive for Gold?
So why it is trading at the July 2020 level??

My short term price target is a reversal to the $1883 resistance.

Looking forward to read your opinion about it.

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