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David Bird: Iron ore rebounds after sharp decline

David Bird: Iron ore rebounds after sharp decline
Iron ore recovers after recent decline

David Bird recently told MtM students that iron ore was one of the key areas he was monitoring. After a significant drop, iron ore reached major support levels and began to recover, showing signs of renewed momentum. Bird also observed that the downward move had characteristics of a potential exhaustion gap.

Bird has previously commented on gold, noting that its price drop at Jackson Hole followed technical analysis rather than just headline events like inflation and rates (Gold price action led news out of Jackson Hole, David Bird points out). He has also questioned whether silver is bullish or bearish, urging investors to consider their discipline before entering the market (David Bird: Silver investor sentiment and discipline questioned amid recent market moves). These earlier remarks highlight his focus on technical signals and investor behavior across metals markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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