Gold’s Mixed Signals: Short-Term Shift or Long-Term Bullishness?
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Even though the latest CPI data showed positive numbers, gold continues to climb. However, it's important to remember that not every day brings a trending price spike. This is my bias outlook:
Since Tuesday, gold has shown strong rejection, creating panic among traders. In the long-term perspective, gold remains bullish. But from a short-term viewpoint, gold seems to be shifting direction based on technicals and market structure in the lower time frames.