We discovered this good post at http://www.kitco.com/commentaries/2018-08-06/Gold-Retraces-Friday-s-Bounce.html By: Peter Hug and though it would work to our fans.
Gold continues under pressure over night after last weeks tepid bounce. Gold handled a weak $15 bounce on Friday however might not sustain any momentum into the close. If the euro breaks listed below the 1.15 figure, further selling in gold must be anticipated, with a test of the $1,202 line the very first goal.
Here is a post about gold bounces last Friday this is a great start this month for gold. , if you want to read the initial post you can discover the link at the end of this post.