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Ready to Fade Gold? You're Too Early...

June 21, 2019 By Steven Place

Yes. Gold is overbought.

Yes. It will revert to the mean... eventually.

Remember, overbought can get more overbought. And given the technical pattern of gold combined with a more rigorous approach tells me that 131 is too early to start looking at a short.

Watch this video to see what I'm looking at and how to trade it:


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