Gold: June gold extended its secondary (intermediate-term) uptrend to a high of $2,049.20 last week. While the argument could still be made June is nearing the completion of a 5-wave pattern, we've seen bearish reversals wiped out along the way. [...]

Gold: I don't know what to make of April gold's weekly chart. My Blink reaction is to call it an uptrend after the contract gapped higher last week before taking out its previous high of $1,975.20. On the other hand, [...]

Gold: April gold extended its minor (short-term) uptrend with the move beyond $1,864.30 confirming Wave 3 of the 5-wave pattern. This should still be considered Wave B (second wave) of the 3-wave secondary (intermediate-term) downtrend. The short-term upside target area [...]

Gold: April gold extended its secondary (intermediate-term) downtrend to a low of $1,815.50. The next secondary downside target is $1,772.80. I'm still expecting a minor (short-term) uptrend at some point, a move that would be considered Wave B (second wave) [...]

Gold: April gold remains in a secondary (intermediate-term) downtrend. However, the minor (short-term) trend on the contract's daily chart looks to have turned up, a move that would be considered Wave B (second wave) of the secondary 3-wave downtrend pattern. [...]

Gold: April gold completed a bearish key reversal last week, confirming the secondary (intermediate-term) trend has turned down. This pattern confirmed the bearish crossover by weekly stochastics above 80% the previous week. The downside target area is between $1,850.10 and [...]

Gold: April gold extended its secondary (intermediate-term) uptrend to a high of $1,966.50 last week. However, weekly stochastics established a bearish crossover above 90% the previous week, indicating the secondary trend was set to turn down. The futures contract came [...]

Gold: February gold extended its secondary (intermediate-term) uptrend to a high of $1,875.20 last week. The contract is sharply overbought, with weekly stochastics above 90%. Still, there is no clear bearish reversal pattern, though one is possible this coming week. [...]

Gold: Despite weekly stochastics showing the February contract to already be in an overbought situation, the market extended its previous secondary (intermediate-term) uptrend to a high of $1,841.90. However, the close back below the previous mark of $1,836.90 leaves open [...]

Gold: The February contract completed a bearish spike reversal on its weekly chart last week, confirming a move to a new secondary (intermediate-term) downtrend. This reversal pattern coincided with a bearish crossover by weekly stochastics above the overbought level of [...]

Gold: The February contract continues to show a secondary (intermediate-term) uptrend on its weekly chart. However, the last two weeks have seen the contract post a high near the initial target of $1,820.22, and with weekly stochastics sharply overbought the [...]

Gold: The February contract continues to show a secondary (intermediate-term) uptrend on its weekly chart with the next upside target at $1,861.20. Weekly stochastics are in overbought territory setting the stage for a bearish crossover in the near future. Theoretical [...]

Theoretical Positions Traders It has been a rough go for traders the last number of months, with the most recent buy signal stopped out at a loss of $49.20 Those willing to take another shot at the market could look [...]

Theoretical Positions Traders Might’ve established long futures at the weekly close of $1,745.30 (week of July 18) Additional longs could be established near $1723.00 Stops would be placed below the previous low of $1,696.10 Analysis Trends Secondary (intermediate-term): Up This [...]

Theoretical Positions Traders Recently established intermediate-term long futures positions were likely stopped out below the previous low of 0.99522 Analysis Trends Major (long-term): Down Secondary (intermediate-term): Down Last week's move below the previous secondary low erased the recently established uptrend. [...]

Theoretical Positions Traders Might've gone long on the recent move to a new 4-week high at 1.02935 the week of August 8 If so, sell stops would be placed below the secondary (intermediate-term) low of 0.99522 Analysis Trends Major (long-term): [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We’ve been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

This is a snapshot and summary of theoretical positions and actions taken by the Darin Newsom Analysis, Inc in-house trading algorithm. We've been looking at incorporating these into Weekly Analysis for quite some time. You will notice some blanks. This [...]

Secondary (Intermediate-term) Trend: Up The euro took out its previous 4-week high last week. Fundamentals: Bullish European interest rates are expected to increase, likely starting sooner rather than later. DNAI Algorithm Theoretical Position: Long (Add) Upside Target Area 1.15903 to [...]

While the euro remains in a secondary (intermediate-term) uptrend on its weekly chart, the minor (short-term) trend on its daily chart turned down last Friday (see second chart on website). After moving to a new high of 1.14825, the euro [...]

While I know the US dollar Index ($DXY) isn't technically a "metal", I include it and the other currencies in my study of gold, silver, copper, platinum, and palladium. Someday maybe I'll add another category just for currencies, and include [...]

Spot U.S. Dollar Index (USDX) Weekly Close: 92.18, down 0.83 Trends: Major (long-term) = Up, Secondary (intermediate-term) = Up, Minor (short-term) = Down Analysis: The recent move to a minor downtrend looks to be a Wave 4 selloff within the [...]

Gold (June) Weekly Close: $1,734.70, down $9.20 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: June gold posted a small selloff last week, a move that could be considered part of a Wave 2 [...]

Gold (June) Weekly Close: $1,743.90, up $21.50 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: June gold was able to build on the previous week's secondary bullish spike reversal. While the upside target area [...]

Gold (April) Weekly Close: $1,719.80, up $21.30 Trends: Major (long-term) = Down, Secondary (intermediate-term) = Up, Minor (short-term) = Up Analysis: April gold extended its secondary downtrend to a low of $1,673.30 before closing higher, establishing a bullish spike reversal. [...]

Gold (Dec) Weekly Close: $1,900.20, up $42.50. Secondary Trend: Down. Dec-Feb Spread: (-$7.10) = Neutral. Market Type: 2 = Bearish. Price Distribution: NA. Target: $1,827.70, $1.755.00, and $1682.40. Analysis: Despite its higher weekly close, Dec gold remains in a secondary downtrend. After posting a new 4-week low below $1,843.20 the contract [...]

Gold (Dec) Weekly Close: $1,974.90, up $0.913. Secondary Trend: Down. Dec-Feb Spread: (-$6.90) = Neutral. Market Type: 3 = Less Bearish. Price Distribution: NA. Target: $1,856.90. Analysis: Despite the higher weekly close, gold still looks to be in a secondary [...]

Gold (Dec) closed at $1,947.00, down $2.80 for the week. Trends: Secondary = Down. Targets: Secondary = $1,856.90 and $1,785.10. Analysis: Despite its ongoing downturn the contract has not confirmed a new secondary downtrend. Such confirmation could come in the [...]

Gold (Dec) closed at $1,949.90, up $78.20 for the week. Trends: Secondary = Down. Targets: Secondary = $1,848.40 and $1,774.00. Analysis: Despite its recent sharp sell-off the contract has not confirmed a new secondary downtrend. Still, the sell-off has seen [...]

Gold (Dec) closed at $1,985.90, up $60.70 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The December contract established a new all-time high for gold futures last week, hitting $2,005.40 before pulling back at the close. Yes, the [...]

Gold closed at $1,810.00, up $8.10 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The August contract consolidated within its previous week’s range of $1,829.80 to $1,779.20. The most recent signal by weekly stochastics was a bearish crossover [...]

Gold closed at $1,801.90, up $11.90 for the week. Trends: Secondary = Up. Targets: None. Conclusion: The August contract extended its secondary and major uptrends to a new high of $1.829.80 before closing above $1,800. The market remains sharply overbought [...]

Gold closed at $1,780.30, up $27.30 for the week. Trends: Secondary = Sideways-to-up. Targets: None. Conclusion: The August contract pushed to a new high last week of $1,796.10, erasing previous signals of a secondary downtrend. However, weekly stochastics remain overbought [...]

Gold closed at $1,753.00, up $15.70 for the week. Trends: Secondary = Down. Targets: Secondary = $1,582.00 to $1,518.00. Conclusion: Based on the bearish crossover by weekly stochastics the week of May 25 followed by a bearish outside range posted [...]

Gold closed at $1,683.00, down $68.70 for the week. Trends: Minor = Down. Secondary = Down. Targets: Minor = $1,661.30 to $1,621.90. Secondary = $1,582.00 to $1,454.10. Conclusion: With daily stochastics nearing the oversold level of 20%, the minor downside [...]

Gold: The August contract closed at $1,751.70, down $1.80 for the week.  The August contract still looks to have established a secondary high of $1,789.00 (week of April 13), part of a bearish spike reversal on its weekly chart. Weekly [...]

Gold: The August contract closed at $1,753.50, down $14.50 for the week.  The August contract still looks to have established a secondary high of $1,789.00 (week of April 13), part of a bearish spike reversal on its weekly chart. Last [...]

Gold: The June contract closed at $1,723.50, up $34.30 for the week. The market still looks to be in the process of establishing a secondary top, with resistance at the 4-week high of $1775.00. The minor trend has already turned [...]

Gold: The June contract closed at $1,736.20, up $102.50 for the week. Despite monthly stochastics being well above the overbought level of 80%, the market extended its major uptrend to a new high of $1,736.20 last week. This is the [...]

Gold: The June contract closed at $1,645.70, down $8.40 for the week. It could still be argued June gold remains in a secondary downtrend, with resistance at its recent high of $1,707.80. However, look for gold to remain extremely volatile [...]

Gold: The June contract closed at $1,654.10, up $166.00 for the week. Despite its substantially higher weekly close, it could still be argued June god remains in a secondary (intermediate term) downtrend following the bearish key reversal established the week [...]

Gold: The April contract closed at $1,484.60, down $32.10 for the week. The gold market extended its secondary (intermediate term) downtrend to a low of $1,450.90 last week. This was a test of the initial major (long term) downside target [...]

Gold: The April contract closed at $1,516.70, down $155.70 for the week. The gold market collapsed last week, taking out the previous 4-week low of $1,561.00 after posting a new high of $1,704.30. This established a secondary (intermediate term) key [...]

Gold: The April contract closed at $1,672.40, up $105.70 for the week. Gold remains extremely volatile due to the ebb and flow of safe haven buying. Last week saw the April contract erase the previous week’s bearish key reversal by [...]

Gold: The April contract closed at $1,566.70, down $77.90 for the week. After extending its secondary (intermediate term) uptrend to a high of $1,686.60 last week, April gold collapsed well below the previous week’s low of $1,579.80. This established a [...]

Gold: The April contract closed at $1,648.80, up $62.40 for the week. April gold extended its secondary (intermediate term) and major (long term) uptrends to a high of $1,652.10 last week, the highest price seen by the market since February [...]

Gold: The April contract closed at $1,586.40, up $13.00 for the week. Despite the higher weekly close, April gold continues to indicate a potential secondary (intermediate term) top on its weekly chart. Initial support is at the 4-week low of [...]

Gold: The April contract closed at $1,573.40, down $14.50 for the week. April gold posted a bearish outside range last week, a step closer to confirming a secondary (intermediate term) top on its weekly chart. Initial support is at the [...]

Gold: The April contract closed at $1,587.90, up $9.70 for the week. April gold has not confirmed a secondary (intermediate term) top on its weekly chart, despite holding below its recent high of $1,619.60. With weekly stochastics still below the [...]

Gold: The April contract closed at $1,578.20, up $11.70 for the week. April gold has not confirmed a secondary (intermediate term) top on its weekly chart, despite holding well below its recent high of $1,619.60. With weekly stochastics still below [...]

Gold: The February contract closed at $1,560.30, up $0.20 for the week. Feb gold continues to hint at a potential secondary (intermediate term) top with the previous week’s spike high of $1,613.30. The minor (short term) remains down on the [...]

Gold: The February contract closed at $1,552.40, up $34.30 for the week. Feb gold is off and running now, adding $77.70 the last two weeks as global tensions rise over the Middle East (and North Korea, Hong Kong, Trade Wars, [...]

Gold: The February contract closed at $1,518.10, up $37.20 for the week. It could still be argued Feb gold remains in a secondary (intermediate term) 3-wave downtrend, with the minor (short term) uptrend a Wave B (second wave) retracement rally. [...]

Gold: The February contract closed at $1,472.70, up $2.20 for the week. Despite the higher weekly close, Feb gold remains in a secondary (intermediate term) downtrend. The last few weeks have seen the contract consolidate above support at its 4-week [...]

Gold: The December contract closed at $1,462.90, down $48.50 for the week. Dec gold remains in a secondary (intermediate term) downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement level of the previous secondary uptrend [...]

Gold: The December contract closed at $1,1511.40, up $11.90 for the week. Despite another higher weekly close, Dec gold remains in a secondary (intermediate term) downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement level [...]

Gold: The December contract closed at $1,505.30, up $11.20 for the week. Despite another higher weekly close, Dec gold remains in a secondary (intermediate term) downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement level [...]

Gold: The December contract closed at $1,494.10, up $5.70 for the week. Despite its higher weekly close, Dec gold remains in a secondary (intermediate term) downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement level [...]

Gold: The December contract closed at $1,488.70, down $24.20 for the week. Dec gold remains in a secondary (intermediate term) downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement level of the previous secondary uptrend [...]

Gold: The December contract closed at $1,512.10, up $5.70 for the week. Despite the higher weekly close Dec gold remains in a secondary (intermediate term) 3-wave downtrend with the initial downside target at $1,429.50. This price marks the 38.2% retracement [...]

Gold: The December contract closed at $1,506.40, down $8.70 for the week. Dec gold remain in a secondary (intermediate-term) 3-wave downtrend, with last week’s high of $1,543.30 looking to be a Wave B (second wave) peak. This was also a [...]

Gold: The December contract closed at $1,499.50, down $16.00 for the week. Dec gold extended its secondary (intermediate-term) downtrend to a new low of $1,492.10, a mark that is now support as the new 4-week low.  Wave A (first wave) [...]

Gold: The December contract closed at $1,515.50, down $13.90 for the week. Gold followed the previous week’s bearish spike reversal and bearish crossover above the overbought level of 80% by weekly stochastics with a bearish key reversal this past week. [...]

Gold: The December contract closed at $1,537.60, up $14.00 for the week. Dec gold is set for a critical week ahead, sitting just below its recent high of $1,546.10 with weekly stochastics above 90% indicating a sharply overbought situation. The [...]

Gold: The December contract closed at $1,523.60, up $15.10 for the week. Dec gold extended Wave 5 of its 5-wave secondary (intermediate-term) uptrend again last week to a new high of $1,546.10. However, the pullback at the end of the [...]

Gold: The December contract closed at $1,508.50, up $51.00 for the week. Dec gold extended Wave 5 of its 5-wave secondary (intermediate-term) uptrend last week to a new high of $1,522.70. This put monthly, weekly, and daily stochastics all well [...]

Gold: The December contract closed at $1,457.50, up $25.30 for the week. Last week saw the contract post a strong rally (high of $1,461.90), though not enough to take out its previous high of $1,467.00. This leaves indicators of a [...]

Gold: The December contract closed at $1,432.20, down $7.20 for the week. The December contract consolidated within the previous week’s trading range, with the lower weekly close leading to another bearish crossover by weekly stochastics. This would be a signal [...]

Gold: The August contract closed at $1,426.70, up $14.50 for the week. The contract moved back into a secondary (intermediate-term) uptrend with a move to a new 4-week high last week. This stopped out previously established short futures positions. Weekly [...]

Gold: The August contract closed at $1,412.20, up $12.10 for the week. Despite its higher weekly close, the contract still looks to be in a secondary (intermediate-term) downtrend. The initial downside target remains near $1,378.00, a price that marks the [...]

Gold: The August contract closed at $1,400.10, down $13.60 for the week. The contract followed through on the previous week’s bearish technical indicators, posting a sharp sell-off last week. The contract now looks to be in a secondary (intermediate-term) downtrend [...]

Gold: The August contract closed at $1,413.70, up $17.50 for the week. The contract extended its secondary (intermediate-term) uptrend to a new high of $1,433.30 last week. The late pullback has weekly stochastics in position for a bearish crossover above [...]

Gold: The August contract closed at $1,400.10, up $55.60 for the week. The contract blasted to a new high of $1,415.40 as the market reached prices not seen since September 2013. Weekly stochastics are now well above the overbought level [...]

Gold: The August contract closed at $1,344.50, down $1.60 for the week. The contract extended its secondary (intermediate-term) uptrend last week, posting a new 4-week high of $1,362.20. This was also above its previous high of $1,361.50 before the contract [...]

Gold: The August contract closed at $1,346.10, up $35.00 for the week. The contract extended its secondary (intermediate-term) uptrend last week, posting a new 4-week high of $1,352.70. The next upside target is the previous high of $1,361.50. Weekly stochastics [...]

Gold: The August contract closed at $1,311.10, up $21.90 for the week. The contract extended its secondary (intermediate-term) uptrend last week, posting a new 4-week high of $1,311.90. The next upside target is near $1,317.40, a price that marks the [...]

Gold: The August contract closed at $1,289.20, up $7.80 for the week. The contract confirmed its secondary (intermediate-term) uptrend with a bullish crossover below the oversold level of 20% last week. Initial resistance is at the 4-week high of $1,310.10. [...]

Gold: The June contract closed at $1,275.70, down $11.70 for the week. Despite its lower weekly close the contract still looks to be in a secondary (intermediate-term) 5-wave uptrend. The minor (short-term) downtrend on the market’s daily continuous chart looks [...]

Gold: The June contract closed at $1,281.30, down $7.50 for the week. Similar to the previous week, the contract rallied a little too far last Friday, keeping weekly stochastics out of a potential bullish crossover below the oversold level of [...]

Silver: The July contract closed at $15.088, up $0.050 for the week. I switched to a candlestick chart for July silver because last week’s pattern looks to be a bullish Dragonfly doji (see chart). According to sources, “the Dragonfly doji [...]

Gold: The June contract closed at $1,276.00, down $19.20 for the week. June gold’s secondary (intermediate-term) 3-wave downtrend could soon come to an end with weekly stochastics well below the oversold level of 20% as the contract tests support near [...]

Gold: The June contract closed at $1,295.20, down $0.40 for the week. It could still be argued that June gold remains in a secondary (intermediate-term) 3-wave downtrend. However, the previous week’s low of $1,284.90 did surpass the Wave A bottom [...]

Gold: The June contract closed at $1,295.60, down $2.90 for the week. Gold remains in a secondary (intermediate-term) 3-wave downtrend, posting a bearish outside range last week that would indicate the beginning of Wave C (third wave). The contract still [...]

Gold: The June contract closed at $1,298.50, down $20.20 for the week. Gold remains in a secondary (intermediate-term) 3-wave downtrend, posting a bearish outside range last week that would indicate the beginning of Wave C (third wave). The contract still [...]

Gold: The June contract closed at $1,318.70, up $9.80 for the week. Gold remains in a secondary (intermediate-term) 3-wave downtrend with the ongoing rally a Wave B retracement. June posted a high of $1,326.30 last week, a test of resistance [...]

Gold: The April contract closed at $1,302.90, up $3.60 for the week. Gold remains in a secondary (intermediate-term) 3-wave downtrend (see chart) with the ongoing rally a Wave B (retracement). Last week saw the April contract post a high of [...]

Gold: The April contract closed at $1,299.30, up $0.10 for the week. Despite its higher weekly close the contract remains in a secondary (intermediate-term) 3-wave downtrend (see chart). April gold posted a new 4-week low of $1,280.80 before rallying back [...]

Gold: The April contract closed at $1,299.20, down $33.60 for the week. The contract confirmed its secondary (intermediate-term) downtrend as it posted a new 4-week low of $1,291.30 last week. Next support is near $1,286.00, a price that marks the [...]

Gold: The April contract closed at $1,332.80, up $10.70 for the week. Once again, the contract looks like it should be moving into a secondary (intermediate-term) downtrend. I see last week’s action as a potential spike reversal, with the high [...]

Gold: The April contract closed at $1,322.10, up $3.60 for the week. Newsom’s Market Rule #4 continues to apply to gold: A market that can’t go down, won’t go down. This past week saw the contract post a bullish outside [...]

Gold: The April contract closed at $1,318.50, down $3.60 for the week. The lower weekly close by April gold once again put the contract in position to begin a secondary (intermediate-term) downtrend. Weekly stochastics established another bearish crossover above the [...]

Gold: The April contract closed at $1,322.10, up $17.90 for the week. April gold followed through on the previous week’s bullish outside range last week, extending its secondary (intermediate-term) uptrend to a test of resistance near $1,319.90. This price marks [...]

Gold: The April contract closed at $1,304.20, up $15.30 for the week. Gold broke out of its recent consolidation pattern last week with April hitting a new 4-week high of $1,309.30. While the market remains sharply overbought, with weekly stochastics [...]