Did gold’s bear market end with the 4016 low recorded a month ago? We’ll likely have a definitive answer next week if the powerful upthrust of the last two days continues, exceeding the 4465.90 peak shown. That would mean the futures had exceeded two ‘external’ peaks on the weekly chart without a pullback, indicating that an exceptionally powerful impulse leg is in progress. It would presumably be strong enough to break the back of a bear market begun from a record 5782 last January. The minimum upside target thereupon would be 4819.30, still well shy of the old peak but a good start on it. Check the chat room for precise guidance if the futures should swoon, since that could set up an excellent buying opportunity down near 4200.