Gold

Spectrum.

Weekly. Look for bearish opportunities. Pay attention that the turn may set a long-run high in Gold.

Daily. Wavelet hunter calls for bearish trend development from this week till the middle of Sept.

Q-Sp projection line suggests further decline till the end of Sept.

Annual cycle analysis.

Annual cycle lines support bearish phase till the middle of Sept.

Similarity.

We have currently strong inverted correlation of gold with natgaz prices with 38 days lag. According this similarity dynamic drop is expected from this or next week.

At the sane time we have even stronger inverted correlation with Silver, according which further consolidation is expected prior drop from early Oct.

Elliott waves analysis.

it will be added from 08/31

ZZ structure.

L-1 ZZ is still bullish, but with high probability bearish CIT was set thus made this ZZ bearish.