Looks like we may now safely concentrate on the upsloping sets instead of the downsloping ones:




The history likes to repeat itself and similarly to last year the July low at 38.2% was likely it. We still can't exclude a possible big flat that would retest that low, but Jim's scenario of "up, up, up and away" is in my opinion much more likely. In such case after a clear acceleration through the rising ML, the upper ML at 1340 should be the next target.

Shorter term it started to respect the KZ on the bearish side again:

Originally posted by jarek

Shorter term it started to respect the KZ on the bearish side again:

Another confirmation:

It would be very interesting to watch if this ends up with a 3D right in the 'Game Zone' above

The tools are working pretty good on lower time frames in Gold. Is an important turn nearby?

Originally posted by jarek

Originally posted by jarek

Shorter term it started to respect the KZ on the bearish side again:

Another confirmation:

And yet another one:

Kane 4 PCP ABCD with Kane DT in CD leg.

Al Kamego

So we have reached the all important 'Game Zone' but no trace of a 3D (at least yet):

The G20 summit must have been a "success":

Gold -3%
Crude -2.5%
Copper -3%
Silver - 6%

Bulls are holding their breath. Last chance to save the day:

Bulls really hanging on the ropes, but not giving up yet:

Thanks - it seemed to me, that they were somewhat closer. Must have been too tired yesterday...