Gold Gets a Reprieve; Bulls Still in Control - Jim Wyckoff

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Gold Gets a Reprieve; Bulls Still in Control - Jim Wyckoff

Postby Gold Silver » 28 April 2017

Gold prices have moved from near steady levels seen in earlier trading to modestly higher in late-morning trading Thursday. "Some bargain hunting following recent losses and some short covering in the futures market by the shorter-term traders are featured. However, gains are being limited by a resilient U.S. stock market that sees index prices near record highs,’ explained Jim Wyckoff, senior technical trader for Kitco Metals.

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