1-2-3 Setup in Gold Turned Green Yesterday

The third hook in the 1-2-3 setup turned green yesterday. Green shadings, illustrated in the chart below, represent statistically concentrated outflows in the largest gold ETF (GLD). Extreme outflows are rare and tend to precede significant intermediate-term gold rallies.

Chart: London PM Fixed Gold and GLD (ETF) Total Assets WA Stochastic

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