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.
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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