Gold
$GLDCatch-Up
Gold’s near-term picture is contested: contained inflation and a recent pullback temper the traditional hedge case, even as the broader chart is described as constructive. The more positive views lean on improving momentum, a post-consolidation technical breakout, and potential policy pressure to restrain sovereign yields, with pullbacks seen as part of a resumed advance rather than a break in the longer-term thesis.
David Keller 
Jurrien Timmer 
Peter Reznicek 
Michael Howell Michael Howell 
Luke Gromen 
Darius Dale A daily catch-up of talking heads, in fifteen minutes.
Analyst Views on Gold
Gold remains supported as future inflation is expected to run substantially above consumers’ already elevated 4.3% year-ahead inflation expectation.
Gold is emerging from a bottom and showing improving long-horizon momentum following a prior period of sustained weakness.
Gold has broken its trendline after a lengthy consolidation and is expected to resume higher following pullbacks toward 4,371 or 4,230.
Gold should continue attracting demand as China expands liquidity to manage domestic debt, with Chinese monetary conditions increasingly setting global gold pricing.
Gold benefits from the expected shift toward more explicit yield curve control as policymakers prevent sovereign yields from reaching default-threatening levels.
Gold has a favorable short-to-medium-term outlook within the reflation regime, supported by dollar-debasement concerns and competition for capital away from Treasury bonds.
Gold remains favored on a long-term basis despite its pullback, though incremental additions warrant patience until resistance near prior volume-weighted entry areas clears.
Gold has pulled back as contained inflation reduces demand for its traditional inflation-hedge role, though the broader chart remains constructive.
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Direction By Day
| 01 AUG | 02 AUG | 03 AUG | 04 AUG | 05 AUG | 06 AUG | 07 AUG | 08 AUG | 09 AUG | 10 AUG | 11 AUG | 12 AUG | 13 AUG | 14 AUG | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chris Ciovacco | · | · | · | · | · | · | · | ▲ | ▲ | ▲ | ▲ | ▲ | · | · |
| Darius Dale | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ | ▲ | ▲ |
| David Keller | · | · | · | · | · | · | · | · | · | · | · | · | · | ▼ |
| Jurrien Timmer | · | · | · | · | · | · | · | · | · | · | · | · | · | ▲ |
| Luke Gromen | · | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ |
| Michael Howell | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |
| Peter Reznicek | · | · | · | · | · | · | · | · | · | · | · | · | · | ▲ |
Sentiment Heatmap
| 01 AUG | 02 AUG | 03 AUG | 04 AUG | 05 AUG | 06 AUG | 07 AUG | 08 AUG | 09 AUG | 10 AUG | 11 AUG | 12 AUG | 13 AUG | 14 AUG | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chris Ciovacco | · | · | · | · | · | · | · | ▲ | ▲ | ▲ | ▲ | ▲ | · | · |
| Darius Dale | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ | ▲ | ▲ |
| David Keller | · | · | · | · | · | · | · | · | · | · | · | · | · | ▼ |
| Jurrien Timmer | · | · | · | · | · | · | · | · | · | · | · | · | · | ▲ |
| Luke Gromen | · | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ |
| Michael Howell | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |
| Peter Reznicek | · | · | · | · | · | · | · | · | · | · | · | · | · | ▲ |