Gold – Caution still warranted The bear market rally currently transpiring in stocks has momentum on its side, with the upper range target at the cross-section between the upper resistance line and the 50-week moving average as the standing target. The below chart is an update of the S&P futures chart on a weekly basis; note the stochastic RSI looks like it wants to reach all the way to overbought as well. Although Thursday’s action in gold looked constructive for…