Gold Prices Run to Resistance Zone; Is the Rally Over?
In our last article, we looked at the recent top-side move in Gold prices with the question of whether this was a retracement as part of the ‘bigger picture’ trend lower or if we were, in fact, seeing a trend-change. Given how incredibly oversold Gold prices had become during the ‘Trump Trade,’ it made sense for a retracement to develop after an extreme move-lower with a lack of additional trend-side drivers; but a week later, prices have yet to resume that down-ward trend and traders will likely want to take a step back in order to discern near-term directional possibilities.
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