You can see on a monthly basis, gold is down half a point. The month just began, the first day of the month of trading. The weekly will be down the same because the week and the month start all at the same time right now. You can see how the charts come up against an all-time high. The market’s backing off, big support’s $2697, about a hundred dollars an ounce lower. I don’t know if it can get that low. Why should it? You’ve got inflation, you’ve got tariffs, I wouldn’t become a huge seller on gold on that information.
When you look at the weekly chart, gold is up at the resistance points, and it’s overbought on a weekly basis.
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