AntMwah

Gold - long-term resistance holding

COMEX:GC1!   Gold Futures
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The long-term falling trendline has been attacked without success multiple times and failed. You might have expected a deep retrace from this but it's not yet occurred. French elections obviously hold uncertainty which Gold likes and I see short term weakness in USDJPY so all this may conspire to either have Gold hold this line into the falling wedge OR possibly push up above the falling trend but then in this case it may be that it fails to hold above it and we subsequently see some weakness.

Near term therefore neutral to slightly bullish .
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