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Well, another week done. Gold took a bit of a beating, huh? Closed around 5020... I'm wondering if that oversold RSI means we might see a bounce next week. Or maybe the dollar strength will keep pushing it down. I'll be watching closely to see if that level holds.
Actually, thinking about it more... that Jefferies article about oil prices could really put pressure on gold mining costs. If costs go up, maybe that bounce I was hoping for will be smaller than expected. Might need to adjust my strategy for next week and be a bit more cautious golong.
