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Market Updates

Gold’s Defiant Summer

Gold’s defiance is a bullish omen for more gains in this monster upleg. The Chinese investors and world central banks helping fuel gold’s strong summer are still buying.

Metals: Rally in US Dollar Likely to Temper Gold Gains

It could be going to $2,600 this year, and I think that's still doable, but gold is in a consolidation here.

Gold Faces Short Covering in US$

When we take a look at the action, gold couldn't clear that high and now the market has a big outside day down.

Gold & The PCE: Prepare For Blastoff

Now rates have a H&S top pattern, and gold is bursting up from a flag-like rectangular drift. That breakout opens the door for a rally to $2800-$3000.

Gold – The rally is likely to continue

Overall, the weekly chart is bullish and suggests higher gold prices in the coming weeks despite negative divergences.

Us Dollar Key to Gold Move

What's the pattern? It's clear: higher lows, higher highs. Support's now at $2502.6, you really don't wanna take out that low.

Gold SWOT: For the First Time Ever, a Bar of Gold Is Worth a Cool One Million Dollars

Gold climbed back above $2,500 per ounce after Federal Reserve Chair Jerome Powel signaled that the time has come for interest-rate cuts.

Technical Scoop: Dovish Culmination, Long Inversion, Differed Dollar

Gold prices held $2,500 after hitting a new all-time high at $2,570. This continues what we believe is a stealth rally in gold.

The Fundamentals Changed on Aug 2

The easy phase and this strong turning phase were done. Either gold had to give us a sharp correction back down, or it had to turn sideways. As it turns out, gold turned sideways. 

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