Dominate Your Market
by Jim Wyckoff
The safe-haven gold market has seen its price uptrend on the daily chart negated, amid the Israeli-Hamas war not significantly escalating the past couple weeks. Recent more hawkish “Fedspeak” has further dented bullish enthusiasm in the metals markets. Also, a strong U.S. dollar and down-trending crude oil prices are bearish “outside market” forces working against the precious metals. The gold and silver market bulls are in technical trouble at present. Stay tuned! Jim Wyckoff
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