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2026-05-07 21:49:01

#Gold continues to trade inversely to #oil and more like a risk asset than anything else. It pushed above the wedge pattern early today whilst oil was down. But as oil has recovered, gold has pulled back and is now right at that level.

I'm watching where it closes today but even if it is above, confirmation is just as important before I think it is a break out.
$GLD $GLL $GDX #metals #trading

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