BUZZ-Rush for gold may be cause for caution

* Gold rises to a new record peak at $2733/oz * Series eight higher daily highs, record posted for three consecutive days * Traders are heavily long and the rally is stretched above Bollinger bands * Gold is trading over peak 20-day, month, quarter and yearly Bollingers * Assets don't often move in straight lines and those many hold are less safe * Corrections of severely stretched moves are likely to be acute * Rise of safer assets may concern FX traders urn:newsml:reuters.com:*:nL8N3LU1DL * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ gold https://tmsnrt.rs/48wgFmV ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))