Boring, to be sure, but not discouraging, considering that gold has not yet broken critical support lines, continuing to make higher lows, despite being one step (by which I mean one propaganda announcement from banquier centrale* mouthpieces) from what would appear to be a steep plummet. See below daily gold, monthly, and gold in euros.
|Weak higher highs|
*That's "central banker" in French. I am emulating Jesse at Cafe Americain here to add gravitas to our blog. Don't tell me it doesn't work!