EU leaders concluded on Sunday agreeing on plans to boost the firepower of the eurozone rescue fund - the European Financial Stability Facility (EFSF) - and backed plans to recapitalize banks who would be hit by a massive writedown of Greek debt.
Gold Day Chart:
Gold has been struggling to stay in an uptrend. It still is in an uptrend but it looks heavy to me. Last time I said that it rocketed higher and blew through resistance. I will be watching gold pattern closely this week and look for any confirmations of weakness.
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