Last day of the month and Gold is absolutely going for it, no news today so it's quite surprising we get this much volume on a monday but that's the markets for you
What are we looking for? a close above the resistance levels will see us continue up going into the start of August, I still anticipate August to be a bearish month, whether this continues or not is hard to say but I am very firmly backing gold bears once I get confirmation of a rejection and closure below support levels.
The Area of indecision worked as expected with price finding a support outside of the typical levels, so we need to watch carefully as it could be a fakeout before the larger move down.
What are we looking for? a close above the resistance levels will see us continue up going into the start of August, I still anticipate August to be a bearish month, whether this continues or not is hard to say but I am very firmly backing gold bears once I get confirmation of a rejection and closure below support levels.
The Area of indecision worked as expected with price finding a support outside of the typical levels, so we need to watch carefully as it could be a fakeout before the larger move down.