The ascending move for Gold was too aggressive and too fast. However, there are no reasons to grow for the Gold just yet. VIX is going down, stocks are soaring, so there's no real market fear, which is one of the main drivers for Gold. All these factors may tell us that Gold may be seriously overbought right now with the nice opportunity to go short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.