CRI's weekly commodity trend survey (therationalinvestor.ca/RI_Tradents.php has had gold trending lower now for 16 weeks. Today's big break does suggest we are nearing some sort of short term capitulation as initial targets approach. While it is far too late to sell now, there are still no signs of a bottom to justify buying this asset either.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.