So when we look at the gold market, on a weekly basis, this market’s still bullish on the weekly chart. Nothing here to damage it at all. Support’s $2965, which is a long way off. That’s $300 away. That’s a long way off in this market. When we take a look at the chart here, you can almost draw a downtrend line, and then a sideways line here – it’s got a wedge. Is it going to break out to the upside over or under it? We’ll see what it does in the pattern, but that’s what you have there.
The pattern on the swing line is bearish, you have a pattern of lower highs, lower lows.
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