BUZZ-Gold correction could knock $200/oz off current prices

* Gold rally is very extended and met important target at $2500/oz * Record high traded Wednesday when gold reached $2531.60/oz * Following day gold drops to $2473/oz * Top 20-week Bollingers is $2500, peak 20-month is $2471 * Target to correct rise since Oct 2023 is $2256 * Selling of previously favoured investments is cause for concern urn:newsml:reuters.com:*:nL1N3K90MG * Traders might turn to USD during a correction phase urn:newsml:reuters.com:*:nL1N3K908H * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ gold https://tmsnrt.rs/3z0Xq7k ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))