For gold, I stated on September 29, when it was at 4,145, that a rise toward 4,222 was possible. On October 2, gold climbed as high as 4,227, but the resistance at the level I had pointed out held, and sellers pushed gold back down. As long as gold remains below 4,222 and does not close a daily bar above this level, the direction is to the downside, with the first target at 4,000. Buying may not make you very happy unless 4,222 is broken. $XAUt