Gold neutral

Stagnation period for gold

06 July 2022 308
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Summer is considered a stagnation period for gold with reduced volatility, i.e. sharp spikes are not observed.

The metal is now trading at 1765.

If the hammer or doji star reversal patterns form today, and are confirmed tomorrow, then gold may rise to the levels of 1805 and 1850. Otherwise a decline to 1725 is likely to happen.

This content is for informational purposes only and is not intended to be investing advice.

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