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GOLD for 4/16/20


On a macro basis: The break above 13470 projects this upward $80 minimum, $320 (+) maximum. We have attained $441.3 of this so far. These are now ON HOLD. On a shorter-term basis: On 4/2 we left a bullish reversal below that warned of continued strength. We have seen $167.6 so far. This is now ON HOLD. Trade below 17270-42 should bring in additional pressure. The near maintained gap lower yesterday put the bull calls on hold, but decent trade back above 17553-59 will reestablish bullishness. Decent today is $13.1. NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energy complex. 'Decent penetrations' are specific amounts and provided to clients daily as well. If you are interested, please feel free to reach out.

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