$GC weekly. On some serious levels

COMEX:GC1!   Gold Futures
Will the trend line lend support here this week?


Unlikely - prices are trending down from a "bubble" high. Not only is the trend line likely to be broken , so to is the support at 1200
I wasn't advocating a long or short position. I am just noting the levels at which it sits, iflection points if you will. That said, I tend to agree that the path of least resistance for the moment is down.
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