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Category: GOLD FORECAST

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LONG VS SHORTS

Retail trader data shows 61.47% of traders are net-long with the ratio of traders long to short at 1.60 to 1.The number of traders net-long is 6.53% higher than yesterday and 5.93% lower than last week, while the number of traders net-short is 12.80% lower than yesterday and 4.17% lower than last week. We typically

GOLD (XAU/USD) ANALYSIS AND CHART

Gold Intraday 6-JUNE-2024  Gold Intraday: further advance. Pivot:2352.00 Our preference:Long positions above 2352.00 with targets at 2375.00 & 2385.00 in extension. Alternative scenario:Below 2352.00 look for further downside with 2340.00 & 2329.00,2915 as targets. Comment:The RSI advocates for further upside. 

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