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.
“Just as it was in the days of Noah, so will it be in the days of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up to the very day Noah entered the ark. Then the flood came, and swept them all away.
And they said to him, 'Where will this happen, Lord?' And He said to them, 'Where death is, there a gathering of vultures will be.'”
Luke 17:26-27, 37
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.