All of which brings us to our monthly view of Gold's Structure from the All-Time High through today. And as we saw above in the weekly bars, those monthly bars below for both June and the start of July show the penetration from The Northern Front across the threshold into The Final Frontier. Again as we've been emphasizing: the resistance was far more formidable for the former than we expect it to be for the latter, which in turn casts doubt for a dive upon the face of the little guy at lower right. Either way, even in adversity given that markets don't progress in a straight line, the critical bit is not to give back The Northern Front:
Gold Structure Chart
Next week brings a light load of incoming metrics for the Econ Baro. As well, a peek at the website's Market Ranges page shows have they've materially narrowed from the COVID concern extremes. Thus a lovely time perhaps to take out that Northern Hemisphere summer hammock for a snooze ... foundationally-supported, of course, by Gold!
