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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.