Gold has hit our lower question mark zone “bang on”. We now need to watch the reaction of gold in this zone very carefully. A significant break below means that gold will have broken 2 supporting and intersecting trend lines at a key time – for us that would mean the chance of the medium term top being in place is very high!
If gold finds support at current levels then it’s likely to try one more rally before a major correction.
Watch this space and we’ll update you when things become clearer on gold.
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