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Gold Is One Step Away From a Major Sell Signal
Very interesting things are currently happening on Gold’s chart, where traders are trying to back down from the optimism seen here in February and the first few days of March. The most recent movements are very technical, and it seems like nothing here is happening without a reason. First, let’s come back to the beginning of March. The price was surging and on March 8th it managed to set new long-term highs on 2070 USD/oz. That was very close to the all-time high gold reached back in August 2020, so you can imagine the strength of this resistance. The price reaching this resistance was a great reason to capture ... (full story)