Gold
Gold prices remained above $920 per oz. on Monday, if prices do indeed fade ahead of the $936 per oz. all time high then a case for $893/890 per oz. pressure (rising line) can be made. This should be a rising wedge/head and shoulders, but its early days to be playing the ‘breakdown card’ given the sharp run higher over the last 3 days. Still if the USD does continue to firm this may act as a drag on Gold bugs, and if CB’s can try and hint that they have not totally given up on inflation fighting, then the case for $845/820 and a lot lower will garner further fans…