Bearish Sentiment Can Only Take Gold so Far

Source: Jordan Roy Byrne Published on Thursday, July 5 2018
Related articles and keywords:   Gold - Men
Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally.While the combination of the net speculative position (CoT) and daily sentiment index (DSI) was near its lowest point at the end of 2015, Gold enjoyed its best gains then because
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