Gold remains robust, and we are preparing for a significant sell if conditions are favourable. Recently, gold displayed some weakness, particularly yesterday due to the strong dollar CPI, but it recovered swiftly. This indicates that buyers are acquiring gold not due to a weak dollar, but as a safe investment, likely in anticipation of another crisis. Therefore, a short sellers' market may emerge in the coming weeks to facilitate additional buying.
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Disclaimer
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.