Patrick that is a great chart you posted …One of your best !

However I have a bone to pick

Your charting software does not Define Which index you are showing.

Most here including myself prefer to call that index the XAU ( Not the Philadelphia Cream Cheese Index )

It took me a while to get what it was you were showing !

But that is a great chart…showing the breakout and now resistance from that downtrend..

Here is a closer look at where that support actually is…it’s not too far down actually

113ish and we are at 118.

The XAU is actually a great index to track come to think of it because it has more silver stocks than most Gold Indices

It also has FCX ( mostly a Copper Stock) ..so it is quite balanced.

Thanks

Fully