BUZZ-Gold leaps to a record high and room to rise further
* Gold leaps to a record high at $2789.73/oz * The top of 20-Bollinger bands at $2795.93 allows for further rise * Pullback's from overbought situations have been regular but modest in 2024 * Dips following moves to or above Bollingers decreasing recently * Bets on gold rising yet to lead to reversal - record bullish bet may evolve * Potential targets for continuation bull trend: $2871, $2954, $3037, $3155 * Weight of longs may prove more telling if $3000/oz target met * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Gold https://tmsnrt.rs/3C0QgRY ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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