Gold technical analysis
Keep a close eye on the wedge pattern in gold. A rally earlier today took it up to $1248, which was precisely at the downtrend from the February high. It was rejected and gold is slightly negative now at $1235.
I was a gold bull to start the year but with the improving tone of risk assets, there's a case for caution here. Normally, the bias is towards a continuation of the trend (in this case higher) on a wedge formation but the trade is to go with whatever break comes.
