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Gold Is a Sell, 2 Traders Say

Gold is down 8% from the highs, thanks to improving sentiment toward risk assets and the improving trade picture.

But Sami and JR are not buying:

They go over:

  • 2 rules for buying gold everyone should know
  • The key level gold violated just today
  • Why Sami an JR warned that gold was out of control around the peak in April\
  • Why this is not the time to buy the dip in gold
  • Where gold could fall near-term
  • How to know what a healthy trend looks like
  • What makes an uptrend unsustainable – exactly what happened with gold