Breakout

In January 2015, WTI crude oil futures broke below its long-term trendline that dated back to the 1998 low of $10.65 per barrel after an eight-month sell-off that took crude from above $100 per barrel to below $50. On the last trading day of January 2015, crude oil rallied close to $3 in the last hour of trading to settle above that long-term trendline. We made a note of it at the time, which seemed to confirm the importance of this level.
Market remains in sideways range since Brexit vote. Jobs number will cause a break out or break down.

The irony about the current gold market is that gold is actually slightly higher than it was two years ago in June 2013 when it made a crash low.

If we see a bullish breakout above the top of the triangle and the 50-day MA next week, Gold could quickly rise to the top of the triangle at $1,330.
If we see a bullish breakout above the top of the triangle and the 50-day MA next week, Gold could quickly rise to the top of the triangle at $1,330.
After sluggish behavior, silver is gaining speed and confirming recent price gains in gold.
Over the last quarter-century, the opening range breakout has been one of the most powerful and successful trading tools employed by active traders. 24-hour electronic markets have all but eliminated the opening range breakout trading, a new outlook on an old indicator may give this favorite new life.
The Fed will anounce th results of its September meeting today.
Before the World War I, most national currencies featured convertibility to gold. At times, this could act as a drag on the economy