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Tag: Buy the Dips

“Buy The Dip” In Gold; BofA-Merrill Lynch Says EURUSD Bounces Should Be Sold

"Gold is consolidating before its larger bull trend resumes," notes BofAML's MacNeil Curry looking for a move to $1345 and beyond. But it is today's modest bounce in EURUSD that they believe should be sold, and "seen as temporary and corrective of the larger bear trend." Via BofAML, €/$ is correcting. Bounces should be sold. €/$ is correcting higher. However, this bounce should be seen[...]