By Jeremy Boulton — Aug 29 - 02:35 AM
Gold brushed $2532 record high Wednesday reaching $2529/oz
Thursday range $2404-2521/oz
Next big target is $2554 and peak 20-day Bollinger bands $2560
Chance of a reverse if target achieved to alleviate overbought conditions
Number of bets on gold rising is a growing problem [nL1N3KE08K
]
Source:
Refinitiv IFR Research/Market Commentary