Gold futures fell almost -3% within the span of two days last week, with this week bringing modest improvement. Major moving averages, which have been clustered together and trending sideways since early June as price chopped around, are starting to spread apart to the downside; the 21-day, 63-day & 252-day Exponential Moving Averages are now all sloping downward, which typically would be viewed as bearish. The /GC contract’s advance during last week halted cold at the 252-EMA and the subsequent
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An ugly start to September, and the even uglier start to this week’s trading session, can be defined using two alliterative words that often unsettle investors.