Spot Gold: Retreating From Long Term Inflection Point

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The commodity traded slightly higher but has started to retreat from the ultra long term trend line resistance.

Spot Gold Daily Chart as of Monday 07 April at 22h52

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Previous Post (Friday 28 March at 22h11): Gold: Long Term Inflection Point

No, we are calling the top, however it may be worth noting that the commodity is trading around key inflection point.

A picture paints....

Lester Davids

Analyst: Unum Capital