At the end of 2001, $US spot future Gold closed at $US 279.00. At the end of the first week of 2002, spot future Gold has closed at $US 279.20. Almost nothing to report in the way of price movement or chart development on these pages.
You can see the technical situation best on the weekly bar chart to the left. Gold has been "consolidating" at or around its current uptrend line for the past seven weeks. The moving averages remain perfectly intact (shorter-term MA above longer-term MA). The situation is unchanged from what it was when we wrote our last report at the end of 2001.