Gold has returned down to Fair Value, that level now 3979 as it incorporates the just-released “M2” data update from the Fed: Gold both yesterday and thus far today has traded to as low as 3976. At present for the BEGOS Markets we’ve just the Bond outside (below) its Neutral Zone, even as price yesterday moved above volume-dominant Market Profile resistance at 112^28 to now 113^31; overall session volatility is again light, in this case expectedly so with “Fed-favoured” PCE data inflation data for May due today. By Market Trends, save for the Bond, the 21-day linregs of the other seven BEGOS components are negative: this is not too surprising given the increase in the Dollar Index through these past several weeks in anticipation of a Fed rate hike as soon as 29 July. Copper’s cac volume is rolling from July into that for September. And amongst other metrics due today for the Econ Baro are the final read for Q1 GDP, plus May’s Durable Orders and Personal Income/Spending.