BUZZ-Gold hits record high and big target - growing long main risk

* Gold reaches $2631.31/oz record high on Sep 23 * $2629/oz was big target for this year's rally from $1981/oz * Traders have established one of largest ever bets on a rise * Number of longs now 310k contracts - once larger at 353k in 2020 * Large speculative positions are reliable indicators of reversals * Rally is stretched - at or above peaks Bollinger bands for all time frames * Next bull target is $2724, potential correction target is $2383 * * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Gold target https://tmsnrt.rs/3BdcNdH gold https://tmsnrt.rs/3MW2RIg ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))