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BZ Chart Of The Day: Is It Finally Time To Buy Gold?

Gold is oversold and at support. That means it may be time to buy the commodity. The downtrend that started in March may be over. The term "oversold" refers to a security’s momentum. This is a measure of how far it has moved in a given time. If it gets sold aggressively and pushed below its typical range, traders say it’s oversold.

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