The gold market is presently in a nine-week-old downtrend on the daily bar chart and the bears have the solid near-term technical advantage. The yellow metal bulls are perplexed that their safe-haven metal is not performing better amid heightened trader and investor uncertainty in the marketplace due to geopolitical events at play. The gold bulls will have to produce multiple closes back above key chart resistance at $1,850.00 to regain power to then suggest an uptrend could be sustained. Stay tuned! —Jim Wyckoff