BUZZ-Room for gold to rise to new record high

* Gold peaked at $2790 after rally became overbought in October * The rally is less stretched with peak 20-month Bollingers $2798 * Bullish bets currently 260k contracts compared 315k at end-Sep * Less longs to restrain gold and room to rise * In Oct gold exceeded long-term target at $2707 - next is $3341 * Risk of China and U.S. trade dispute to underpin gold [nL1N3NA0A4 * ] * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Gold chart https://tmsnrt.rs/49wcbgr gold https://tmsnrt.rs/4gj1Gzg ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))