GOLD for 2/11/20
The decent trade above 15537-56 brought in $24.9 of the strength warned about above, but I would no longer be looking for more. There are areas of possible exhaustion that come in at 15804 and 15884. We have held the lower of these twice now. Trade below 15662 by $3.9 should further open the downside to lower trade. Decent trade back above 15756 (+2.3 tics per/hour starting at 8:20am) will warn of decent renewed strength based off an ‘ok formed’ formation. Today has a good likelihood of being a range expansion day. NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energies. If you are interested, please feel free to reach out.