GOLD for 2/27/20
I warned there was an area of possible exhaustion to contend with for this macro move up at 16928. We came shy of this by 11 tics with a 16917 high and rolled over $65.1.Wednesday, we left a short-term bearish reversal above. We have seen $26.1 from this so far. Decent trade back above 16719 will negate this and should bring in renewed strength toward 16917 (+), taking the bull calls off hold. However, decent trade above 16571 will project this upward $30.5 (+); but can withstand $7.7 of violation and remain valid. 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.