David Fuller's view US 30-Year T-Bond futures (weekly & daily) recorded their second upside daily key reversal today, confirming a short-term oversold condition and scope for somewhat higher ranging towards the September and early-October peaks beneath which more resistance is likely to be encountered. A close below 137.45 would be required to offset this outlook and signal lower levels to follow.

Gold in USD (weekly & daily) surged above its recent range highs today, reaffirming support from the rising 200-day MA and near $1600 and this month. A close beneath this level would be required to question current scope for additional sideways to higher ranging prior to a resumption of the overall upward trend over the medium term.