In June the price of gold took a hit and fell from over $1900 an ounce down to $1750. It has since bounced back above $1800, but we saw a nasty down day in the middle of last week in mining stocks, although they bounced back Friday. How can we make sense of these gyrations on a technical analysis chart? Is this a new downtrend in gold and silver playing out or a simple stabilization?

I talk about these questions in this video.

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My interview with Ike Iossif about his money flow indicators can be found here:

https://wallstreetwindow.com/2021/07/sp-500-xau-gold-stock-index-update-ike-iossif-money-flow-indicators-mike-swanson-07-08-2021