Gold Prices Remain a Sell For These Two Reasons
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Gold – Retail forex traders continue buying into gold price weakness, and a contrarian view of crowd sentiment leaves us in favor of further declines.
Trade Implications – Gold: The combination of one-sided crowd sentiment and a bearish Gold technical forecast keeps our focus firmly to the downside.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.