Gold price, page-3598

@John1305 , got another one of those charts handy that you often share?
Really interested in other perspectives on prices of support at the moment.


I see we are forming what appears to be another pennant, but wondering if it's more of a descending triangle (which is more typically bearish at the end).

From a support point of view, if this breaks up at the end then it could show considerable strength at this area. You'll notice that we have held above the peak of a daily spike that occurred before Brexit, and that whole week of Brexit seemed to be a consolidation of settling at the top of the run before moving higher. We're still trading in that band now, so holding these levels could give more confidence to traders of further moves up.

PS. I'm still bearish on the outcome for the time being.