Next inflection is 8th Dec and today is within one trading day of it.
Today’s price movement therefore can be formative in the setting of new price levels that matter, and as Oscar Carboni observed, lately Fridays seem to contain the more active trading in the gold market.
Which means that the close for this week represents the result of a bear challenge to measure what sort of spine the new bulls have.
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argentus maximus
Rhythm ‘n Price
http://www.greenhobbymodel.com/rhythmnprice.html
This analysis – global markets