Gold to weaken in the 2nd half of July

Gold Spot / U.S. Dollar (FX:XAUUSD)

Updated

FX:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern gold correction

Gold currently has strength but i suspect it will only be for this week. The 2nd half of July will be weak for gold and an opportune time to start picking up positions in your favourite miners.

Comment:

So far, so good...

Comment:

I can't see any more downside in gold. $1400 was tested and it flew back up and looks like it want's to break out along with silver.

Trade closed

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