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Gold is severely overbought now. But the market can be irrational longer than I can be solvent.
If you're talking about technicals and price, spot and futures appear to be on a bull run and respecting two standard deviations on the daily, weekly and monthly. If you use TV, check out gold vs any equities index chart (XAUUSD/SPX, for example, to compare gold in USD vs the S&P500 then zoom out). At the end of the day, there's both a bull and bear case depending on timeframe.
Are you shorting with stops, playing spreads, buying/selling physical, or sitting on your hands and watching?
Good luck and wish you all the best whichever way you play it.
Last edited by CalmLocket955 April 16, 2025 at 12:58 AM.
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If you're talking about technicals and price, spot and futures appear to be on a bull run and respecting two standard deviations on the daily, weekly and monthly. If you use TV, check out gold vs any equities index chart (XAUUSD/SPX, for example, to compare gold in USD vs the S&P500 then zoom out). At the end of the day, there's both a bull and bear case depending on timeframe.
Are you shorting with stops, playing spreads, buying/selling physical, or sitting on your hands and watching?
Good luck and wish you all the best whichever way you play it.
Leave a Comment