It’s simply been one repulsion after another for gold. I suspect a relief rally will be in store in the coming weeks, but it’ll just get thrown lower yet again.
Here’s a much longer-term view of the gold futures. The only thing that’ll save gold at this point would be (a) a refusal to get below 1680 (b) ultimately passing above the 2100 mark.
Long-Term Gold Chart.
Gold’s Resistance Points
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