Gold Worse Month Since 2016 Despite Weak US Dollar and Inflation Scares

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  • #25482
    TradersCom
    Keymaster

    Gold is down over 8% for the year…

    [article]2351[/article]

    #25506
    Super Harley
    Participant

    UBS lowered its gold forecasts by $150/oz. with a long-term “gloomy” outlook.

    2021
    June to $1,750.
    September to $1,700,
    December
    2022 to $1,650. UBS

    #25759
    TradersCom
    Keymaster

    Gold exudes weakness or bulls disappointment after its manic rise and rebalance. To be bullish we would need to recapture the cloud (or the flag 🙂 ). In sight of the intraday high of $1765.43 is a key harmonic pivot.

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