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 [...]

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 [...]

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). [...]

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 [...]

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. [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 [...]