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Patrick Karim, technical analyst at Technical Traders Ltd, emphasizes that a certain issue must be resolved before gold can reach $14,000.
He suggests that patience and waiting on the sidelines offers lower risk and potentially higher reward than entering the market during its current correction.
Karim has previously highlighted that copper is not yet outperforming stocks, which he says suggests a bull era for copper has not started. He also observed price declines across gold and silver miners as capital outflows intensified in that sector. These observations reflect his ongoing focus on technical momentum and sector performance.