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Market Updates

Technical Scoop: Fifty Expectation, Recession Signs, Precious Disconnect

We remain optimistic that gold is going higher. Maybe we’ll see some resistance here at $2,600 but ultimately, we should be next headed for $2,700.

Asian Metals Market Update for 16th September 2024

If spot gold rises to $2850.00 or more in the next thirty days, then the chance of a big crash will be equally high.

Gold, USD, & Rates: Key Wave Counts

We expect higher prices in gold next week. We are now rallying in wave ^iii^, which could he heading to our next projected endpoint of: ^iii^ = 4.236^i^ = 2936.80! Active Positions: Long, with puts as stops! 

Fresh Gold Highs for Buyers Wise

The year-to-date buying participation in Gold is the best ’tis been since COVID kicked in back in 2020. 

Gold Pullback Risks Mount

A catalyst could spark major gold-futures selling which could quickly snowball, slamming gold into a larger pullback. But this doesn’t guarantee an imminent gold selloff. 

Up Up and Away!

The market has now got a pattern of higher lows and higher highs: bullish.

Silver & Gold Saw Lots of Short Covering This Week

I call the market stuck between $2570 down to this support near the $2500 level, caught in there, and we now have a pattern of lower highs and higher lows. 

Asian Metals Market Update for 12th September

The chance of gold price falling to $2100 and below and that for a few weeks to a few months (in the next sixty months) is zero as of date. 

Gold: A Correction Of Significance?

From the recent highs, GDX has pulled back about 10% while gold eased about 2%.

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