Bearish Divergence: - Gold has been unstoppable as the uncertainty among fiat currencies and risk aversion prompted safety demand, and with the USD hurting, JPY and CHF both weakened slightly by intervention, gold continues to soar as it does not have any prospect of intervention at all. - There is a bearish divergence, but that has not been a good signal for reversal. Or rather, the consolidation after the divergences have been insignificant. - However aside from the bearish divergence, there is a couple other signs that gold might need a break before further rally. - The sharp slide currently is parabolic and has a ... (full story)