

Looking at Gold futures Weekly, and Monthly charts, you can get the feel that it’s trading within that pennant pastern and Its coming to a point where it looks like it’s retreating to test the trendline, especially under the pressure of rising bond yields, the softness in price is logical as the number one enemy to Gold is rising bond yields, I am not taking any new positions here sitting and watching, to see where the price will bottom out where it will create a massive buying opportunity, while the narrative out there is the Global Central banks are keeping a price floor under the Gold price, the chart says it wants to go lower., and that in consequence will also soften the price of Gold miners even though they have seen a historic free cash flow generation

