REFILE-BUZZ-Gold shining more brightly each year - big target nearby
(Adds link) * Gold posting higher yearly highs since 2021 * Similar series beginning 2017 broke after gold became overbought in 2020 * Gold is once again overbought and big target nearby * $2711/oz target set off 2001 low $255, 2011 peak $1920, 2015 low at $1046 * Traders are substantially long but bets on a rise have been bigger in past * Stimulus derived U.S. easing cycle may fuel greater demand for gold urn:newsml:reuters.com:*:nL1N3K00AO * * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Gold yearly chart https://tmsnrt.rs/46OkjaS Gold positioning https://tmsnrt.rs/3YCZddn ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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