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Monday, September 20, 2021

Gold Prices Collapsed



Gold broke sharply lower Tuesday, and this should be the beginning of the September breakdown I have been expecting.

The decline phase into the cycle low should take up to 2-wks, a clear break of 1864-1850 augurs 1750 -1726.

Gold ETF (NYSEArca:GLD) is oversold, Key support it at 163.57.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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