Gold’s Resonance Just Broke — Vol Screams As Late Longs Pile In

Welcome back

Gold about to re-enter the huge trend channel. Even a ~$500 pullback would only take us back to the rising trend line that’s been in place since September (yellow), roughly aligned with the 50-day MA. Momentum has already cooled fast: RSI dropped from 91 to 65 in just 24 hours. For context, the late-October reset didn’t bottom until RSI was closer to 50, right before gold started catching bids again. Note this is a log chart.