Is 20,800 area expected to hold on /NQ? Or is 20,500-ish next?

Gold daily chart looks good so far for a move up.

Temporary bottom holds on gold, and today's bounce will be retraced for a higher low  and a move higher likely into the end of the month. 2640 is a stop on Feb gold.

I expect a retest of this week's low next week and next month for a move higher into 2700 at least. Alternatively, a higher low has been established, and we are moving higher into 2750 from here.

A projection for gold for December from Gary Wagner

Gold futures are up $19 at the moment, and tomorrow is the first notice day for Dec gold. Yesterday's steep sell-off was a cartel's attempt to reduce longs and to drop a price paid for deliveries. Likely, a temporary bottom is in, as longs for delivery are very attractive at these prices. 

Dec gold hit 2611 after hours

A lot of professional activity is happening near the lows today on Dec. gold. 2616 is the stop on swing longs.

Today's low on Dec gold is 2637.30, which is close enough for government work to 2628. 

Matt, your UGL system 130-min went long on Friday with an initial stop of 95.00. The current price is 94.60. Is the trade stopped out now? Or is it based on the closing basis?

high-trade size activity is near 2730-33.

On gold, i see AB=CD from the Friday's high of 2,722.. The target is 2,6228-30 on Dec futures. Each leg is approximately 60 points.

Is the Ending Diagonal the primary count on /ES? Or is wave 2 bearish count primary coming into today?

Steve, gold /GC is still in its way 3 of 3 up from last week's low of 2540. I do not see wave 4 consolidation yet. What is your wave count on /GC gold  Dec futures?

These numbers are recessionary. Should indexes react to them negatively?

$2,670 is support for gold for today. $2,651 is a sell stop to go short.  

Today is another gap up. When gaps up are exhausted, it will be a sign that gold is close to its target. So far, it is not!

Gold has reached $2,702 target for the week in its seemingly unlikely recovery, if you only view charts. Based on the state of the physical market, this was expected.  $2702 is the 61% retracement of the move up. If gold goes past $2740-ish, odds of wave 4 being completed will increase. Trading the market and not its chart is the key for gold!

He should buy a put.

Gold is at the first major resistance identified earlier. A break above 247 on GLD is a breakout.

Gold is up today, while silver and platinum are down. 

A small retracement down to 2622 came overnight in gold, but the stop would have held.  2622 is the prior resistance turned support. Today is day 4 of the move up. Reactions last up to  3 days. I  want a positive close today.  Gold already posted a higher high today compared to yesterday.