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  • Moor Analytics

GOLD for 1/15/20


On a short-term basis: The decent trade below 15570 projects this downward $56 (+). We have seen $20.6 of this so far. Decent trade above 15493 will warn of higher trade and suggests this may have been a more minor correction. Decent trade above 15641 will project this upward $27.5 (+) but can withstand $7 of violation and remain valid. On a very short timeframe we are currently holding the temporary exhaustion warned about below at 15363-31 with a 15364 low and have bounced $18. We are called $9 higher as of 3:41am. A maintained gap higher will leave a short-term bullish reversal below.