Gold Faces 8–9 Week Correction After 10% One-Day Decline

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Technicians at Fairlead Strategies predict 8–9 weeks of corrective action for gold after prices plunged ~10% last week, suggesting AAAU could face near-term declines. Thomas Kaplan maintains a multi-decade bull thesis, targeting gold at "tens of thousands of dollars" per ounce, underlining upside potential thereafter.

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