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The current commodity sector rally, which kicked off with gold’s solid move higher back in March, continues to gather momentum, and this past week the Bloomberg Commodity Total Return index reached a 15-month high, thereby strengthening the technical outlook while indicating a breakout of its year-long sideways trading pattern. The index which tracks the ...
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Gold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times. With that being said, I think we are just simply entering some type of consolidation area more than anything else. The $2,400 level above continues to be an area that I'll be paying close attention to, and therefore, if we ...