Clearly Gold will be bullish in short days...
Since the price of gold bounces back from a fresh yearly low ($1707) after showing a kneejerk reaction to the larger-than-expected uptick in the US Consumer Price Index (CPI), and looming developments in the Relative Strength Index (RSI) may point to a larger rebound in bullion as the oscillator is on the cusp of pushing above 30.
The price of gold tracks the recovery across precious metals as it pares the decline from the start of the week, and bullion may attempt to retrace the decline from the monthly high ($1814) as it appears to be reversing course ahead of the August 2021 low ($1682).
The price of gold tracks the recovery across precious metals as it pares the decline from the start of the week, and bullion may attempt to retrace the decline from the monthly high ($1814) as it appears to be reversing course ahead of the August 2021 low ($1682).
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