GC
Gold futures
Haven and real-rate gauge; strength alongside a weak dollar is a liquidity signal.
Daily updates
Weekly outlooks
- Week ofOne more low, then wave (5)?We think the pullback from the October high is in its final leg. One more marginal low near cash 7,340 (Spreadex 7,282) would complete wave (4); a firm move back above 7,450 would tell us wave (5) has started.Bias: Constructive on the bigger advance; near-term turn needs SPX above 7,450Turn pivot / negative gamma 7,4501 daily updateLive
- Week ofElection week: a bounce needs follow-throughWe still see room for another advance, but we want the next recovery to hold rather than give sellers another opening. A cash SPX reclaim of 7,600 that survives a pullback would support that read; failure there and a loss of 7,550 would keep us cautious and shift attention to 7,500.Bias: Constructive on the larger advance, cautious while the correction remains unfinished. Near-term improvement needs a sustained SPX reclaim of 7,600.Recovery pivot / pronounced negative gamma 7,6001 daily updateLive
Not financial advice. Educational analysis and opinion only, not a recommendation to trade.Full disclosures