All the more reason for it to fail so a record number of analysts can get bearish on the metal again prior to the next move higher which right now seems very likely to start in high 400's or low 500's again. Oil is very oversold which should give gold a lift again, but once again there's just too much technical damage done again for anything other than a small bounce.
We're gonna have tax selling combined w/lower trade deficit and inflation data. Will be watching for good entries on shorts in the general market and try to wait patiently again for the next good PM entry.
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