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Gold daily level has entered the oversold zone ⚠️
The last time it fell into oversold territory was September 28, 2023, after which gold continued to decline 3% before initiating a new round of gains with a cumulative increase of 210%.
Worth noting is that September 2023 was also when the Federal Reserve released hawkish signals, causing dollar strength—which is almost identical to current rate hike expectations. How will it move this time?