There are too many buyers in this range. Many would love to buy in lower, but they're happy to buy here. Anything lower than this is just a bonus for them. Don't get me wrong, 'they' will still do everything they can can to ensure another self-fulfilling prophecy.
Think about the billions that were dumped in the middle of the night a few weeks ago. Who bought all that gold?? I can't seem to figure it out, but someone definitely bought that gold.
Buying + shortage of supply + cost to produce gold = 'we are very close'
imo
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