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Gold – Bulls Want to Hear More Stimulus Talk from Powell
Gold futures are nudging higher on Tuesday after posting a dramatic technical closing price reversal top the previous session. The chart pattern, although potentially bearish, does not indicate a change in trend. However, if confirmed, it could trigger the start of a 2 to 3 day correction. In this case, it could just mean the selling is greater than the buying at current price levels so close to the multi-year high at $1788.80. At 12:02 GMT, June Comex gold futures are trading $1735.90, up $1.50 or +0.09%. Gold surrendered its gains on Monday as risk appetite improved on promising early-stage data for a potential ... (full story)