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In an era in which the notion of a “safe haven” seems, evidently, to be digital coins, the classic precious metals have been largely left in the dust. It’s nice to see that perhaps this is changing. Gold is, once again, making a real effort to escape the clutches of its resistance line, and it seems to finally have a real chance of doing so. Here are the continuous futures of /GC:
Just wanted to follow up on these two charts, which I had pointed out weeks earlier as bearish-looking diamond patterns. Nice to see them work out, finally!
Not really my cup of tea – – actually, my cup of tea is, in fact, a chai latte – – but worth noting for any longer-suffering ursine brethren.
