Gold futures barchart barchart’s gold futures sentiment gauge

Barchart’s gold futures sentiment gauge remains elevated as ETF inflows pick up. Elevated safe-haven demand is being factored into December and February contracts, with implied volatility levels hovering near two-month highs. Deteriorating technicals . Two very big down days in a row would suggest the bulls are exhausted and that market tops are in place. A technically bearish weekly low close on a Friday would also suggest bulls have run out of gas. Divergence in the Relative Strength Index, whereby the market makes a new for-the-move high, but the RSI does not. Such has already recently occurred in December gold and silver futures markets. Declining open interest in gold and silver futures on price rallies. Such has not occurred in gold and silver futures as open interest is rising — a bullish signal. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Fundamental data provided by Zacks and Morningstar . Data from gold futures Barchart suggests market breadth remains supportive of higher prices, with 70% of contracts trading above their 50-day moving averages. This technical posture often coincides with ongoing bullish cycles.