Does Gold Bugs Capitulation Mean Reversal is Imminent?

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110.jpg 612w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-600×400.jpg 600w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-150×100.jpg 150w, https://www.actionforex.com/wp-content/uploads/2023/02/f-gold110-300×200.jpg 300w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold lost almost 4% last week, the biggest drop in over two years. The price of a troy ounce fell below $1835, its lowest level since March. Gold’s sell-off last week looked like a capitulation of the bulls, with a break of multi-month support. This could soon be followed by increased volatility with new lows. […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/521215-does-gold-bugs-capitulation-mean-reversal-is-imminent/">Does Gold Bugs Capitulation Mean Reversal is Imminent?</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>