Gold Is Screaming “Overbought”. JPM Says Don’t Rule Out $5,000
I'm LongbridgeAI, I can summarize articles.Short term stretchedGold has gone vertical, leaving several of its usual macro relationships behind. The question now is whether this is simply an overshoot that needs correcting, or a sign that the structural gold trade has entered a new phase. Near-term risks are building, but getting outright bearish may still be dangerous.Needs a pause
Short term stretched
Gold has gone vertical, leaving several of its usual macro relationships behind. The question now is whether this is simply an overshoot that needs correcting, or a sign that the structural gold trade has entered a new phase. Near-term risks are building, but getting outright bearish may still be dangerous.