GOLD PRICE IS WEAKENING BUT IS NOT TIME TO SELL

Looking at gold daily chart, it's obvious the price is weakening but it is not yet time to start selling the precious metal. To short gold, price needs to violate swing low at 1480.34 (dotted arrows) a pullback will be a good time to short the market.

As it stands, if the price is rejected between 1480.34 and 1493.18 (solid arrows), gold is still a buy. A break of the swing high at 1556.88 means gold is still going higher...

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