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Bespoke
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Bespoke and HSBC analysts warn that gold is technically overbought after an approximately 8% gain in August, and a less-than-dovish US July CPI data tonight could trigger profit-taking.
Bespoke Investment Group pointed out that gold prices closed above one standard deviation from their 50-day moving average for the first time since March 10, entering overbought territory. Historical
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Bespoke and HSBC analysts warn that gold is technically overbought after an approximately 8% gain in August, and a less-than-dovish US July CPI data tonight could trigger profit-taking.
Bespoke Investment Group pointed out that gold prices closed above one standard deviation from their 50-day moving average for the first time since March 10, entering overbought territory. Historical
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Bespoke
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