July 7, 2020 -(Gold Market Wire) - Gold is having an interesting session today as the chart indicates a bit of tree shaking to flush out the weak length. It is a necessary pre-requisite of a step higher in a bull market. The weak length is the energy food that the bull feeds on, and today we may have had just such a small 'feast' for the Oxen. The last time we were higher than today was on October 5, 2012. That is no small achievement.

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Equally encouraging, the rising overhead resistance is getting challenged again, but this time with all the energy we've built up from the early move down. It's a picture that is coming together and developing well. Gold seems ready to make a move to $1800. The "drift down" scenario is losing strength. The charging bull looks ready to take command of higher heights.