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Gold - Bearish confirmation?
Can it recover after Friday’s tumble? Gold plummeted on Friday as the dollar soared and US yields rose, particularly at the short end of the curve. The dollar has pared some of those gains at the start of this week which has allowed the yellow metal to recoup some of its losses. But is the damage already done? Is golds dream of recapturing and holding onto $1,800 dashed? chart It’s not looking good for gold . Friday’s plunge saw it smash through the lower end of the rising channel that had briefly guided it above $1,800 early last week. After running into support around $1,770 – around the 200/233-period ... (full story)