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IPFS News Link • Gold and Silver

Whither Gold?

• by Sven Henrich

Gold no longer the hedge, all aboard the crypto train instead? Certainly looks that way.

Let's an have updated technical look at Gold.

In November I last commented on Gold publicly in "Key time for Gold". In the article I made the point that Gold had reached key technical support and was poised for a rally while outlining some concerns about the larger backdrop.

One of the charts I highlighted was this weekly chart which pointed to key technical support at the .382 fib: