07 February 2024 – 09:39 Central Euro Time

At present, Gold and Silver are the only BEGOS Market outside (below) today’s Neutral Zone; session volatility again is notably light. Of late we’ve a strong positive correlation between the Bond and Gold: indeed the tracks of their daily bars across the past 21 trading days (one month) are (to the glance) identical. We continue to monitor Gold’s weekly technicals, the Moneyflow for which is inching lower still; again a retest of the 2020-1936 can be in the cards, certainly upon the weekly parabolic Long trend flipping to Short, (the hurdle for which is currently 2015 versus price right now of 2048). The Econ Baro looks to December’s Trade Deficit and (late in the session) Consumer Credit.