6th July - Gold doesnt want to play with the Vix
06 July 2015
TECHNICALS:
Weekly VIX continuation chart The market has had recurring bouts of anxiety, not least in the recent collapse of consensus about Greece leading to a sharp rally over the last few weeks
Daily chart In the past the price of gold has more or less fallowed that of the Vix. But not recently. In the midst to great uncertainty it is notable that Gold remains very close to recent lows. And a break down through the band 1133-1183 would signal lower levels still. There were small attempted rallies in May and June, but each time they were a selling opportunity. A breakdown through 1162 would signal a retest of 1135.
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