CDW:$Gold Weekly

The weekly chart of gold priced in $CAD is above $1600/oz. again, and a challenge of the high on The Bank Of Canada's interest rate cut appears a layup. This means a breakout in $CAD terms is likely:

http://schrts.co/SjVmr7

$TNX:!PRII Weekly

Our indicator came through spectacularly in the last week, with a blow-off move. The two technical aspects, the CCI(8) and RSI(14) along with a decline below overbought conditions simultaneously with a sharp decline as indicated on the chart is supported by other reversals such as the Stochastic 14,7,7.

That means the $US dollar gold price is set to move higher and closed at the high on the week. Generally this indicator does not update with the close, until after 7:15pm.

http://schrts.co/J5vEAo

-F6