Gold Update: Don’t Get Complacent

Currencies are the most manipulated markets on the planet. The intermediate cycle low is over? Will the gold cartel attack gold here near the 200 d.m.a.? A hard stop below $1,760-pivot is a good idea, swing point, and we do not want to break below this or it opens the doors to the downside again.

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China is the world’s biggest gold producer with more than 355 tons annually. Australia is second.
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