Gold’s 18% Rally Faces a Volume Crisis, a Strong Rival, and a Wall of Puts
Gold (XAU/USD) worth trades at $4,824, up 18% from its March 23 low of $4,097. The steel is pushing towards the higher trendline of a falling channel that has held since January 29. Yet the rally has three issues beneath the floor. Volume is shrinking into resistance. The gold-silver ratio is breaking down. And choices…
