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GOLD for 2/25/20


I cautioned on 8/16/18 the break back above 11797-837 warned of renewed strength. We have seen $508 of this. I warned there are areas of possible exhaustion to contend with for this macro move up at 16928, 17265 and higher. We came shy of the lower of these by 11 tics and rolled over $57.7. I warned on 2/5 that this may be entering a lower timeframe bullish trend. We have seen over $131 of this. I said in the Post Market Synopsis that this went out poised for further profit taking before (if) resuming higher trade—we saw $41.5 of this before short covering off the low.A maintained gap lower will leave a short-term bearish reversal above. 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.

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