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

Gold Market Analysis - Technical analysis indicates gold prices are in a steadfast uptrend, but the 14-week RSI being stretched well above 80 suggests an overbought market [2][3] - The analysis points to potential psychological resistance at around $4,000 per ounce, with a possible pullback towards $3,720 or even $3,500 in the coming months [3][4][5] - TD sequential patterns suggest the gold trend may be exhausted, requiring confirmation of resistance at $4,000 before a rollover [4] 10-Year Yield Analysis - Converging trend lines indicate a symmetrical triangle pattern in 10-year yields, suggesting a lack of clear trend and a period of consolidation [6] - A long bias is preferred while the candle at approximately 405% holds as yield resistance, but a longer-term consolidation may persist until year-end [7][8] US Dollar Analysis - The US dollar has been in a long-term secular uptrend since the 2008 lows, with a pattern of big up moves followed by three down waves [9][10] - A potential retracement of roughly one-third to one-half of the recent move could bring the dollar index up to approximately 102 to 103 [12]