•While we still have a constructive medium to long-term view here there is something about the present price action that disturbs us
• Recently it has had a number of opportunities to go up and has not followed through
• Now it is quietly slipping down towards a very good support range between $845 and $875
IF this range breaks we could see a sharp acceleration that could take it back as far as $730 again as it feels like the trade is still crowded.
BE CAREFUL HERE
Gold-watch out
Linear Mode
