Sunday 9 August 2020

Gold is rejected from key level - a warning

Gold is rejected from key level... a warning? Gold has enjoyed a parabolic rally in the past few weeks. But history suggests that these parabolic rallies are "unsustainable" - in the words of the top trader, Linda Raschke. We have hit several overbought readings, including the top of the 3-standard deviation channel. What could this mean? We look at the charts. Video by Alessio Rastani.