Gold is rallying regardless of what’s happening in other markets. And while there are signs of a top, gold appears to simply not care about them at the moment. In particular, the gold price keeps on forming daily reversal candlesticks, which “should” be tops, but they likely aren’t. The emotional momentum is so strong that it takes gold even higher despite the overbought status and despite the clear technical top signs. Did the technical analysis stop working? No, it’s simply the case that given the medium-term analogies, short-term indications yield. Let’s take a look at gold’s long-term chart for more details: ... (full story)