Gold 1950 misses key support
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We still need to understand that the reason for the decline is due to the decline in market risk aversion and the temporary relief of problems in the Middle East. However, the current vicinity of 1950 is a very critical point, which is almost related to the long-short dividing point of gold in the short term. In the long term, gold's decline is a foregone conclusion, with two consecutive declines followed by a short-term upward correction. Coupled with the hawkish speech from the Federal Reserve, the upward trend of gold has become exhausted.
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