Summary

The price momentum for gold according to the Variable Changing Price Momentum Indicator is at $1,547 and is bullish.

The weekly VC PMI of $1,574 is bearish.

A close above the $1,574 stop negates this bearishness neutral.

If short, cover your position at $1,550-1,527 and reverse to go long on a close above $1,550, if activated. If long activated, use $1,527 SCO.

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SARS Helped Pump Up the Price of Gold

 

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