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2026-07-17 10:00:13
[Bank of America Warns: High Risk of Gold Correction, Potential for a Repeat of the 1980/2011 Crash] (1) Bank of America technical strategists warn that the correction in gold prices this year may still have significant downside potential, and the trend may resemble the devastating bear market that followed the gold price surge in 1980 and 2011. (2) They recommend a phased buying strategy, only completing the full allocation when the gold price falls to the $3,450 to $3,250 range. (3) The current gold price has gathered multiple bearish signals: a death cross, high net long positions, a warning top candlestick, and a TD sequence exhaustion signal. Furthermore, the recent high RSI indicator reached 90—a level consistent with the gold price tops in 1980 and 2011—increasing the risk of further decline.
