3.  GOLD – Another key line in the sand Â
Gold has put in higher lows and now faces a test in the form of a resistance line. Speculative Gold futures positioning bottomed out at levels usually seen during an uptrend (it usually bottoms at a lower level during a downtrend).
The v-shaped recovery has also seen gold clear its 50-day moving average. Â Overall technical view: Bullish bias, confirmation/trigger is a clean break above resistance
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