Gold has hit its short-term bottom now at $1805 based on recent trading, with slight RSI divergence on the 4-hour charts signaling a likely short-term reversal. The US Dollar Index stalled right above the 382 fib with multiple indicators lining up around the 107 mark. Silver saw a decline on Tuesday during the Fed testimony, which has led to the gold-to-silver ratio rising to 90 to 1. Thanks for listening.
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