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StoneX: Gold Price Trend Not Near Peak, Pullbacks May Face Strong Buy Interest

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StoneX senior analyst Matt Simpson said the current bullish trend in gold remains intact, with the price showing no signs of peaking. Seasonal factors and lower year-end trading volume have supported the move higher. Gold’s RSI is just entering overbought levels, a sign of a healthy uptrend. Historical data shows a strong bullish bias in December, with a 52% chance of rising. While a bearish trend is unlikely without new catalysts, any pullbacks could attract strong buying interest.
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