ARTICLE SYNOPSIS...The gold continuous contract is likely to overlook the bearish formation.
ARTICLE SYNOPSIS...Gold plays a key role in the intermarket jigsaw puzzle. Given its high negative correlation with the US dollar -- particularly evident in recent months -- the weekly relative strength index highlights the overbought condition of gold.
ARTICLE SYNOPSIS...Attempting to pick a market top is foolish, but many times a market nearing a significant cycle high is kind enough to issue an early warning of a possible trend reversal.