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.
"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535