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GOLD for 1/29/20


We held an exhaustion area at 15363-31 with a 15364 low and bounced $53, before rolling over, but I would no longer be looking for more from this. Yesterday we left a near short-term bearish reversal above. Decent trade above 15753-72 will negate this and take the bull calls off hold. Decent trade below 15667 (+1.3 tics per/hour starting at 8:20am) will project this downward $31 (+); but if we break below here decently and back above decently, look for decent short covering to come in. NOTE: this is just a small portion of the Gold calls I provide my clients twice daily, please feel free to reach out if you are interested.


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