bearish

Gold

Sentiment Signal in Gold

178 Views29 Apr 2025 12:42
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SUMMARY
  • This chart from Sentiment Trader highlights that also gold stocks are quite stretched - which isn’t a sell signal, as a stretched market can always become more stretched.
  • Note: We’re long the June contract of Gold since mid of March
  • Another interesting thought regarding gold demand going forward: if AI models really become more efficient and less data center usage is needed, demand for gold in tech could be affected as well.
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