Gold is holding a key support level so far in its recent rebound off the lows.
The 50 Day Moving Average remains a formidable overhead obstacle.
Physical supply in the west remains tight with two weeks before the August delivery period.
"O Jerusalem, Jerusalem. You who murder the prophets, and abuse those whom God has sent as messengers to you. How often I have longed to gather your children together, as a hen gathers her young under her wings. But you would not let me. As you have willed it, so your house is now yours to command— but it is made desolate.”
Matthew 23:37-38