Gold Is Up Bad. Like, RSI-1980-Level Bad

Flashing extreme overbought

Gold has surged ~17% since tapping its steep trend line and bouncing off the 50-day—now it's soaring far above the 21-day, flashing extreme overbought signals and upside panic. With $2B in notional buying this Monday alone and rising chatter of de-dollarization, even programmatic trades are chasing the squeeze.