Gold’s 18% Rally Faces a Volume Crisis, a Strong Rival, and a Wall of Puts​

​Gold (XAU/USD) price trades at $4,824, up 18% from its March 23 low of $4,097. The metal is pushing toward the upper trendline of a falling channel that has held since January 29. Yet the rally has three problems beneath the surface. Volume is shrinking into resistance. The gold-silver ratio is breaking down. And options
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