Gold could continue to show weakness until rates start to turn back lower

In this video, Mark L. Newton, CMT examines the gold price outlook in relation to interest rates and broader cross-asset technical trends as of late September 2026. Over roughly nine minutes, he reviews how the recent pullback in U.S. equities, including the Dow Jones Industrial Average (DJIA), fits into the ongoing trend in the S&P 500 (SPX) and Invesco QQQ Trust (QQQ), with attention to divergences between major indices and the role of U.S./China trade headlines. Newton also discusses U.S. Treasury yields and the U.S. Dollar Index and how their current behavior lines up with typical seasonal patterns.

The report then focuses on gold, walking through why recent weakness is occurring during what is often a supportive seasonal window, and how moves in real yields and specific technical levels could influence the timing of any potential turn. Newton compares Bitcoin (via iShares Bitcoin Trust, IBIT) versus gold (SPDR Gold Trust, GLD) using ratio charts and DeMark indicators to frame which asset the technical work currently favors on a relative basis and for how long that pattern could persist. He concludes with an update on WTI crude oil futures, the three‑month uptrend off the July lows, and how possible U.S.–Iran developments might intersect with his energy and crude cycle work. Full charts and his detailed views are available to subscribers.

In this video, Mark L. Newton, CMT examines the gold price outlook in relation to interest rates and broader cross-asset technical trends as of late September 2026. Over roughly nine minutes, he reviews how the recent pullback in U.S. equities, including the Dow Jones Industrial Average (DJIA), fits into the ongoing trend in the S&P 500 (SPX) and Invesco QQQ Trust (QQQ), with attention to divergences between major indices and the role of U.S./China trade headlines. Newton also discusses U.S. Treasury yields and the U.S. Dollar Index and how their current behavior lines up with typical seasonal patterns.

The report then focuses on gold, walking through why recent weakness is occurring during what is often a supportive seasonal window, and how moves in real yields and specific technical levels could influence the timing of any potential turn. Newton compares Bitcoin (via iShares Bitcoin Trust, IBIT) versus gold (SPDR Gold Trust, GLD) using ratio charts and DeMark indicators to frame which asset the technical work currently favors on a relative basis and for how long that pattern could persist. He concludes with an update on WTI crude oil futures, the three‑month uptrend off the July lows, and how possible U.S.–Iran developments might intersect with his energy and crude cycle work. Full charts and his detailed views are available to subscribers.

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