Gold, Silver & Other Precious Metals 19 (Oct 24 - Dec 26)

[behappyalways]

Wow. Someone just paid about $3.5M in an aggressive sweep for $GLD $415 calls expiring 3/20/26.
https://x.com/Mayhem4Markets/status/1975201871691440244

[winston]

Can anything shut down the gold rally?

by Sam Boughedda

BofA warns that “multiple time frame technical signals and conditions warn of uptrend exhaustion as gold nears $4,000/oz.

Gold is “up seven consecutive weeks in a row,” a pattern that has historically preceded short-term weakness.

Momentum signals also point to fatigue. The “14-day RSI has been overbought for a month,” while the “14-week RSI shows a three-peaked bearish divergence.

The analysts added that “multiple time frames are showing DeMark exhaustion counts,” with daily, weekly, and monthly charts all triggering sell signals.

Source: investing.com

https://www.investing.com/news/commodit ... ly-4272207