Algorithm

Gold due for a significant pullback

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD

Our custom indicator is suggesting that Gold will pull back aggressively. The situation looks even worse on the 6 monthly chart. We estimate $1.2k to $1.45k per Oz within the next 2 years. We wouldn't long Gold at this price. We believe that the Gold bulls are wrong.

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