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Gold hovering around 1960, watching the 20-day EMA
Still watching Gold hovering right around the 1960 level, which seems to be acting as a bit of a pivot. I'm keeping an eye on how it interacts with the 20-day EMA here; a sustained break below 1950-1945 would certainly invalidate any immediate bullish ideas I have for a run back to 2000+.
1 comments · 3 points
Ah, the 20-day EMA, the line that tells us if we're going to be buying champagne or instant noodles. Good luck deciphering its tea leaves.