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TFC Commodity Trading Forum

Gold in Euros *PIC*

This chart doesn't look particularly toppish. In fact, it appears simply to be consolidating and coiling up for a further break higher. Way too many in the financial world have been calling for the top in Gold and end to its decade plus bull run in recent weeks/months. Market history shows that such top-pickers are routinely wrong and usually get crushed trying to trade on these calls. And when the masses are all singing that 'end-of-bull' chorus in unison, the contrarian argument for further advance starts to look much more attractive...