June Technical Report: Mid Year Gold Analysis
29 June 2021
Gold dropped from the recent high as markets absorbed the Fed thoughts on tightening, interpreting the notes as evidence of faster rate of tightening and sooner than expected.
Gold fell sharply, and the Dollar found broad support and staged a recovery. The price found support at the Weekly Ichimoku cloud base.
Will the second half prove as interesting as gold’s journey since January?
