The move down in gold yesterday surprised many traders and flashed an exit signal. As mentioned in the earlier analysis before, gold seems to be in a broad trading range and we are not optimistic that it would shoot higher.
The action yesterday confirms that we have more of a two-way market. Hence, further selling on any rallies from this level could be expected.
This video shares with you some thoughts on gold based on one important element: how gold energy fields propel this market.
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