Still Looks Like a B Wave Bounce

June 5, 2023

As it stands right now it looks like gold has gotten rejected from the 2000 level, and also from this 10-week moving average. This is one of the signs that I watch that tends to indicate an asset is in the declining phase of its intermediate cycle.

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The melting point of gold is 1337.33 K (1064.18 °C, 1947.52 °F).
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