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21st June 2018 - What is Gold doing?

25 June 2018



Monthly CHART


Gold has failed to break out of the trading range created by the resistance from the Fibonacci retracement resistance.


The market has failed to overcome the prior High at 1378 three times, and now fallen through the rising diagonal bull trendline support….



And this could not be clearer.

The bear trend is well-established, successive lows acting as good resistance on rallies ratcheting the market lower and lower.

No Fundamental analysis this week - John Lewis is away

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29th June 2018 - Why Oil is still bullish

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15th June 2018 - Close to breakdown, watch the Dollar Euro

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