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Gold Weekly Price Forecast - Gold markets continue to stabilize
Gold markets went back and forth during the week, showing signs of stability and potential bullish pressure. I think there are a lot of questions to be answered, and this candlestick is a good proxy for that attitude. I like the idea of buying dips, because I believe that the hammer stick from the previous week is such a bullish sign. We did break below a major uptrend line but have found enough support and a can of bounce to convince me that we may turn around to try to recover it. The alternate scenario of course is that we break down below the hammer from the previous week, which would be very negative. At that ... (full story)