This setup resembles the rally off the April low.
If the SP 500 falters at overhead resistance gold will likely remain within its trading range.
“'Simon, Simon, behold! Satan has demanded permission to have all of you, to sift you like wheat. But I have prayed for you, that your faith may not fail. And once you have returned, you must strengthen your brothers.' And Simon said, 'Lord, I am ready to go with you, to prison and death.' Jesus answered, 'Before the cock crows, you will deny three times that you even know me.'" Luke 22:31-34
This setup resembles the rally off the April low.
If the SP 500 falters at overhead resistance gold will likely remain within its trading range.