08 August 2024 – 08:15 Central Euro Time

At present, none of the BEGOS Markets are below their respective Neutral Zones for today, whilst above same are the Bond, Euro, Swiss Franc, Silver and Copper; volatility is light-to-moderate in the context that EDTRs (see Market Ranges) have of late been expanding: indeed that today for the Spoo is 116 points. Gold’s daily MACD is provisionally crossing to negative: per the current Market Rhythms list, that study for the yellow metal has profited by at least $2,600/cac (regardless of signaling Long or Short) for nine of the past 10 such crossovers; by Market Values, Gold is (in real-time) +60 points above its smooth valuation line, whilst on Tuesday price moved below its Market Magnet; a move lower from here (2433) into the upper-to-mid 2300s wouldn’t be untoward. The Econ Baro concludes its quiet week today with metrics including June’s Wholesale Inventories.