Gold is showing a fresh technical warning after climbing above $4,750 an ounce as the latest surge indicates that the market’s momentum could be reaching stretched levels. Although the metal’s overall recovery remains strong, the rapid pace of gains has made the outlook more challenging for investors.
Conversely, if the metal struggles to hold its recent gains and begins moving back toward established support levels, investors could see another wave of profit-taking. For investors and other stakeholders like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM), the current setup is best viewed as a balance between improving bullish momentum and increasing…
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