Gold fell 2% on Thursday, yet this is just reflective of routine revenue taking, said Jim Wyckoff, senior expert of Kitco Information.
Notably, the UNITED STATE dollar has actually gone up on Thursday's session, likely consequently of having actually fallen for as well long, Wyckoff said.
" Notably, the cost uptrend in gold on the daily chart stays in place. The bulls are still in firm technological control," Wyckoff informed David Lin, anchor for Kitco Information.
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