01 July 2024 – 08:43 Central Euro Time

The year’s second half starts with both the Euro and Oil at present above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is moderate within the context that by Market Ranges, EDTRs have been narrowing. The Gold Update cites confirmation of the yellow metal’s weekly parabolic trend having flipped from Long-to-Short, the typical move lower from here (strictly by past average adversity) suggesting a meeting with the 2247-2171 structural support zone; Gold by Market Values is (in real-time) -42 points below its smooth valuation line; but by Market Magnets, price appears poised to eclipse up through its Magnet: thus we don’t sense an imminently stark move lower; still, near-term Gold technicals have a negative bent. For the Econ Baro today we’ve June’s ISM(Mfg) Index and May’s Construction Spending.