By Jeremy Boulton — Jan 03 - 05:51 AM
• Recent risk aversion weighing stocks/EM FX favours safer assets like gold
• Bets on gold rising were slashed at the end of 2025
• The overbought situation troubling gold rally has been alleviated
• Top 20-month Bollinger bands at $2839 is above $2790 record high
• Tech trend was refreshed by minor correction seen Oct-Nov
• With less to restraint rally, gold can rise more easily
• The initial target for a resumption of the uptrend is $2986/oz
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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters