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GOLD for 1/24/20


The decent trade below 15570 projected this downward $56 (+). We have seen $20.6 of this so far, but this is on hold as well (this would have to be violated by $14.1 to further negate it) as we held a very short timeframe temporary exhaustion at 15363-31 with a 15364 low and bounced $32.4 against it. Decent trade below 15536 (+.8 of a tic per/hour starting at 9:00am) will project this downward $15 minimum, $84 (+) maximum and reestablish the bear calls; but if we break below here decently and back above decently, look for decent short covering to come in. NOTE: this is only a small portion of the Gold analysis I provide twice daily to my clients, please feel free to reach out if you are interested.