Dominate Your Market
by Jim Wyckoff
The Comex gold futures market this week hit a three-month low and prices are trending down on the daily bar chart. The gold bears have the near-term technical advantage, which means the path of least resistance for prices is now sideways to lower. The gold bulls need a fundamental spark, which would likely be an uptick in geopolitical tensions that would prompt some better safe-haven demand for the yellow metal. Stay tuned! Jim Wyckoff
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