Gold
Short

Gold Teasing Bear Flag Breakdown

196
Gold flirts with the lower end of the bear flag at press time.

A UTC close lower would signal a resumption of the broader downtrend, represented by the falling channel.

Support at $1,787 (May 16) and $1,757 (Dec. 15 low).

Macro supports bearish case - Talk of ECB 50 bps rate hike in July + continued Fed tightening.

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