"Golden Pyramid" - Market View 220715

-Gold (montly): 1°Resistance 1.1149 - 1°Support 1045.8 - 2°Support 990

- No strong reaction from Shanghai Composite, markets without pushing seeking a point to be consolidated

-Carry Trade Off ( long € - short Us dollar -> short EU index)

-Commodity Tumble: Deflation

-Bund&Treasury in bid - Risk Off and no inflation risk