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Gold daily timeframe has entered the oversold zone ⚠️
The last time gold fell into oversold territory was September 28, 2023. After continuing to decline by 3%, gold launched a new round of appreciation with a cumulative gain of 210%.
It is worth noting that September 2023 was also when the Federal Reserve released hawkish signals, driven by a stronger US dollar, which is almost identical to the current rate hike expectations. How will it move this time?