03 June 2024 – 08:36 Central Euro Time

The week begins with the Bond at present above its Neutral Zone for today; below same are Oil, Silver and Gold; volatility is moderate. The Gold Update still is slanted toward lower prices near-term following the yellow metal’s have created a notable “double-top” within the past seven weeks, such pattern generally leading to further downside. The best correlation amongst the five primary BEGOS Markets is positive between the Euro and Gold. Leading our Market Rhythms for pure swing consistency on a 10-test basis is again the Yen’s (not yet a formal BEGOS component) daily Parabolics, and on a 24-test basis ’tis Gold’s 1hr MACD; (as highlighted in The Gold Update, the yellow metal’s 12hr MACD is best for profit taking within swings). The Econ Baro starts a busy week with May’s ISM(Mfg) Index and April’s Construction Spending.