Originally published at 13h51. Gold. Has been trading in a clear and strong downward trend, with price continuing to make lower highs and lower lows. Here's what may be worth noting: The price has slipped below the prior swing low of 29 June, however, it is common the encounter a false breakdown following a strong downward trend. Also worth noting is the existence of a falling wedge technical formation, which can be considered bullish. On the macro front, the Jackson Hole Symposium takes centre stage this week which may have an impact on the credit, currency and commodity front.
