On September 4TH, 2019 gold hit its highest value for the calendar year. From the beginning of May up until the beginning of September gold gained approximately $295 as it moved from $1270 per ounce to $1565 per ounce.

After hitting $1565 earlier this year, the precious yellow metal has been in a defined and multi-month correction. Last week our technical studies conveyed a decent probability that we could be at or near the conclusion of the correction.

Gold Futures traded to a higher high, and a higher low than yesterday, the same is true when compared to Monday that being said price advances over the last three trading days have been nominal at best. With a net gain of only five dollars since Monday.