I’ll try to cover the tradable angles in Tuesday morning’s briefing, but the big picture has turned disappointing with August Gold’s recent failure to create a bullish impulse leg on the weekly chart.  As you can see, although the thrust to peak #1 got past two prior peaks, it died in a two-stage correction; now, the second thrust is dying/correcting after failing to take out a second peak. These are squandered opportunities, and although the long-term picture is most surely not bearish, neither does it offer much evidence that Gold is ready for a blast into the next galaxy.  That could change with a quick surge touching  1020.80, but until that occurs we should look for more consolidation in the days and weeks ahead.