So what is going on that gold’s latest rally attempt again ran into resistance at $1,800 an ounce, triggered a sell signal on technical indicators like the Stochastic Oscillator, and gold has plunged $70 an ounce over the last couple of weeks?
Gold’s problem will be relatively short-term, perhaps a pullback to the previous support at its 30-week m.a.at $1,650 an ounce, just to get the sentiment cooled off some before the upside resumes.
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