Gold Falls as US Court Rules Global Tariffs Illegal

Gold Falls as US Court Rules Global Tariffs Illegal

In the gold market, as we see, you’re sort of just drifting in this market at this point in time. When you take a look at the daily bar chart, obviously, the drift would end if you took out four days ago’s high. But until that takes place, what you’ve had is higher lows, higher highs to that point, with the market fighting. I told you that it keeps fighting at the 18-day average of closes, we’ve now been doing that for…seven days. 

The overall trend from the swing line: up, but if you lose the bias by closing under that 18-day average, that’ll be a problem.

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