GOLD generated an uneventful inside week but did close green and near the high of the week, suggesting further upside above last week’s high at $1948 will be seen this week. For the past 19 trading days, Gold has been trading sideways between a high of $1967 and a low of $1888 with 80% of the time being between a high of $1950 and a low of $1909. The inflation figure (CPI) comes out on Tuesday and that is likely to be a catalyst for Gold. Anything above the expected number at 1.2% would give the bulls’ new ammunition and anything below last month’s number at .8% would do the opposite. The overall chart favors the bulls at this time.