From a technical perspective, we give the edge to the bear camp with August #gold near the middle of the last month's consolidation zone and probing lower in a fashion that could target $1950.

From a fundamental perspective, the bear camp also has an edge with the #dollar initially making a 3-day high and extending the recovery off last week's spike-down move.

Even investors have turned cool toward gold with Friday presenting a 15th straight day of outflows from gold ETF holdings...[MORE]

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