Considering that equities in this period are very shaky, Gold, which is a safe-haven asset, should be favored.Despite this, we note that, at the end of a parabolic rally, it is currently showing some signs of fatigue.
Therefore we believe that there is some possibility that Gold Futures can reverse and begin a retracement towards lower levels (1240? 1190? 1120?... time will tell).
In this video we show you some 'reasons why' of this possible bearish signal.