Bollinger Band Points To Mean Reversion In Gold (AAPL Near Lower Band)

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by confoundedinterest17

Spot gold fell more than 3% Monday to its lowest intraday level since August, breaching its lower Bollinger band for the first time since June. That suggests its drop may have been too much, too soon, and that a reversion to the mean lies ahead.

Apple (AAPL) is near the lower band.

 

 

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