Bearish to 50% Fib retracement... Happy New Year Crash!!
Historically from a technical view, Gold crashed its first "Bullish Flag", Interest rates aren't rising until next year gradually, Since I personally want to buy gold to hedge against inflation, If I had Big bank type of money, I would Short gold before the new year, before the interest rate increase to buy it at a discounted price... also COT Commercial is shorting while none commercial is longing... I follow the money, not the herd.
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