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Jim Wyckoff

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Gold Bulls Gain Some Momentum but Need to Show More Power Soon

November 2, 2018 by Jim Wyckoff

The gold market saw good price gains on Thursday as the U.S. dollar index sold off sharply. The yellow metal bulls did regain some technical momentum on the rally, but need to show more power soon to suggest a price uptrend can be sustained. It’s likely going to take some geopolitical tensions heating up to significantly boost the gold market–and that is entirely possible. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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