Gold $1501 heading lower into July

Weekly Pivot $1522 supports Bear move to $1445 and a possible retest of the Weekly ema(40) $1420 within the next 8 weeks with a summer low around Friday 29 July. or Friday 19 August where there is a confluence of Time Cycle lows.

Trade	Price	Stop	Target	Low/High	S1/R1	S2/R2
Buy	1480	1460	1580	1558	1540	1580
Sell	1520	1540	1420	1498	1480	1460

Date	Level	Direction	Points	Days
Wed 22Jun	1558	Up	96	34
Thu 05May	1462	Down	113	4
Mon 02May	1575	Up	190	32
Tue 15Mar	1385	Down	60	6
Mon 07Mar	1445	Up	130	26
Thu 27Jan	1315	Down	105	18
Mon 03Jan	1420	Up	58	10
Thu 16Dec	1362	Down	68	8
Mon 06Dec	1430	Up	100	14