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Video: Gold Stocks Oversold & Approaching a Bounce

on 5/29/2023

Gold stocks are very oversold on a short-term basis and are approaching technical support. The percentage of HUI stocks trading above the 20-day and 50-day moving averages is 0% and the percentage of GDXJ stocks trading above the 20-day moving average is 8% with only 15% trading above the 50-day moving average.

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