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Jim Wyckoff

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Gold prices trending down

February 16, 2023 by Jim Wyckoff

See on the daily bar chart for April gold futures that a steep downtrend line is in place and prices this week hit a six-week low. The bulls still have the slight overall near-term technical advantage but have faded badly and need to show fresh power soon to keep their edge. See the key support and resistance levels on the chart. Stay tuned! Jim Wyckoff

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

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