Gold rally trend is about to end, says Bank of America Securities' Paul Ciana

Gold Market Analysis - The gold market is currently experiencing a steadfast uptrend, characterized by a nice upward slope in the 200-week moving average and a strong upward sloping trend line [2] - The 14-week RSI is above 80, indicating an overbought market, with psychological resistance around $4,000 per ounce [3] - A potential pullback is anticipated, with target levels around $3,720 to $3,500 [4][5] 10-Year Yield Trends - The 10-year yield is showing a symmetrical triangle pattern, indicating a lack of trend with converging trend lines [6] - A long bias is preferred as long as the yield resistance holds around 4.5% [7] - The market may remain in a longer-term consolidation phase until the end of the year [8] US Dollar Outlook - The US dollar has been in a long-term secular uptrend since the 2008 lows, with a notable trend line connecting historical bottom points [9] - The dollar market may see a small upward move despite general bearish consensus, with potential retracement of one-third to one-half of previous moves [11] - The dollar index could target levels around 102 to 103, with the euro expected to reach lower lows than 113.90 from previous months [12]