Gold just will not go away. It conjures up Butch Cassidy and the Sundance Kid: “Who [is that guy]?”
The daily chart trends are up by both the SMA 50 (intermediate) and SMA 200 (longer-term). It has already made the necessary higher high (to August/September) and just will not go away. The resistance zone that the gold price is chewing away at is longer-term and not shown on this chart.
Gold bears and any evil entities lurking in the CoT: “[it’s] beginning to get on my nerves…”
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