Are DOGE layoffs set to resume?
Gold closed slightly higher due to short covering on Tuesday. The midrange close sets the stage for a steady opening when Wednesday's night session begins. Stochastics and the RSI are bearish, signaling that additional weakness is possible near term. If it extends the decline off last October's high, the 62% retracement level of the 2008-2011 rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a short term low has been posted.


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