Gold slipping from its Oct. 31 $2790 record high

The pullback reaching $2724 early Tues

A shooting star candlestick on the weekly chart warns of a reversal

The market pushing to a new trend high but closing towards the low/open

Technically, there is reversal risk but the fundamental backdrop supports

Developed cbs have increased their gold holdings: EM Cbs playing catch-up

Lower global interest rates have underpinned demand

Geopolitical risks and debt/sanction concerns pushing cbs towards gold

Gold could clear $2800 or even $3000 next year once correction passes

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