You're up two percent for the week going into Thursday. When we look at what the market's doing here, higher lows and a spike all the way up.
Gold is overbought, but in a strong market, it’s normal to stay overbought for extended periods of time.
You can see how the market made a new all-time high and settled a tad lower—no surprise. The trend is still up: higher lows and higher highs.
Central bank buying may signal the end of the 10-year gold bull market, suggesting we could be approaching its peak.
So far for the week, the gold market has gained 1.39%. That's impressive. You can see how the market keeps its stepping ladder.
Precious metals got a boost from rising trade tensions, helping to send gold to another all-time high along with a new upgrade in year-end forecasted price gains by Goldman.
We see that gold has been forging ahead in an orderly uptrend for over a year now and there is no sign of it ending.
Once again, gold hit new all-time highs but fell short of the next magic number at $3,100.
On a weekly chart, all it keeps doing over the past four weeks is, every week has made a higher high week. It's very difficult to buy into that.
Wave ^iii^ is subdividing and within wave -iii-, we are moving higher in wave *iii*, which has a projected endpoint of: *iii* = 4.236*i* = 3158.50.
