This Week's Gold Outlook | Jin Jingwen
Last week, gold experienced a historic one-sided crash. After oscillating at high levels early in the week, it was brought down by the Federal Reserve's ultra-hawkish signals, with consecutive breakdowns and sharp declines, marking the largest single-week drop in recent years!
International gold prices plummeted from above 5000, reaching a low of 4477, falling over 10% in a week; domestic gold declined in sync, with bulls fleeing frantically from higher levels, with bears in control throughout, lacking any meaningful rebounds.
Next Week's Trend Forecast:
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