Both charts on the SP 500 and GOLD remain bullish.
It appears that GOLD is forming a rare Stage One base pattern while at the same time forming a Bullish Triangle. This means a large move is coming very soon, we expect to the upside… but for sure this Precious Metals market has lulled everyone to sleep… may need to wake up soon.
The SP 500 remains above the 20 week MA line on weekly charts, noting it’s the key line in the sand for Primary wave 3. Our target remains 2213, the same figure we put out over a year ago