GOLD

GC (Z)

On a macro basis: I cautioned on 8/16/18 the break back above 11797-837 warned of renewed strength. We have seen $382.5 of this. We held an exhaustion area within this at 12756-690 with a 12746 low and have rallied $291.6. We held another exhaustion area within this at 14160-137 with a 14121 low and rallied $154.1. The break above 13470 projects this upward $80 minimum, $320 (+) maximum. We have attained $219.2 of this so far. We held the 14677-581 medium timeframe exhaustion area with a 14650 low and rallied $60.8 before rolling over. These are off hold. Keep in mind that within those bullish projections we have possible macro exhaustion areas above for this macro bullish correction (if it is a correction) against the move down from 19114 in September of 2011 that come in at the 15306-810 general area, and 17264 area. We have rejected out of the lower level a third time now with a 15662 high for $101.2. This is on hold.   The decent break back above 14971 now warns of renewed strength. We have seen $19.6 of this so far. This will come in at 14984 tomorrow. 

On a short-term basis: If this takes out 15258, this will suggest we are in a new bull structure to the upside starting at 14650, and likely extending beyond 15660 (+).  GOL