Enough Is Enough - Gold’s Euphoria Turns Dangerous

Enough is enough

Gold showing increased volatility up here, usually a sign of a short term exhaustion. We overshot the upper trend line, but are back below it as of writing. The current break out move has basically lasted the same amount of % as the early January break out, but in a much shorter time. Gold is also as "dislocated" from the 200 day as it was back in May.