Gold just soared to crazy-overbought levels, which ramps the odds of a major selloff. Retreats are very healthy for secular bull runs, extending their longevity and ultimate gains.
If gold finished here for the week, it'd be down almost one percent on the week. We've got the swing line still with higher lows and then the higher highs.
Goldman analysts, including Lina Thomas, now see gold rallying to $3,700 an ounce by the end of this year, with prices set to hit $4,000 an ounce by mid-2026.
