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This Indicator Is Not Yet Confirming Gold Rally

By Jordan Roy-Byrne, CMTCommoditiesDec 14, 2023 12:19AM ET
www.investing.com/analysis/this-indicator-is-not-yet-confirming-gold-rally-200644386
This Indicator Is Not Yet Confirming Gold Rally
By Jordan Roy-Byrne, CMT   |  Dec 14, 2023 12:19AM ET
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Gold
+0.60%
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Gold against the stock market remains weak and has a concerning technical setup. Gold must outperform the stock market to be in a real bull market as it was in the 1970s, 2000s and briefly from 2018 to 2020.

Gold can breakout amid rate cuts but if the economy is in a soft landing and not a recession, then don’t expect a sustained breakout.

This Indicator Is Not Yet Confirming Gold Rally
 

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This Indicator Is Not Yet Confirming Gold Rally

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