Will gold get the last laugh?

FXStreet/Matt Simpson/10-12-2018

“At the beginning of the month we highlighted Gold’s potential to break higher. Noting the general lack of mean reversion throughout 2018’s decline, signs of bearish capitulation at the lows along with extreme short positioning, we felt gold was ‘vulnerable to rapid short-covering if market sentiment changes abruptly’. Well, sentiment certainly changed and gold’s prospects have picked up.”

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