GOLD for 2/12/20
I warned in the Post Market Synopsis on 2/5 that this may be entering a lower timeframe bullish correction (or trend) against the move down from 15985 before (if) resuming lower trade. We saw over $18 of this. This may now be complete. There are areas of possible exhaustion that come in at 15804 and 15884. We have held the lower of these twice now. Trade below 15634-23 should further open the downside to lower trade. Decent trade back above 15815 (+2.3 tics per/hour starting at 9:00am) will warn of decent renewed strength based off an ‘ok formed’ formation. NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energy complex. If you are interested, please feel free to reach out.