top of page

GOLD for 4/17/20

The break above 13470 projects this upward $80 minimum, $320 (+) maximum.We have attained $441.3 of this so far. On 4/2 we left a bullish reversal below that warned of continued strength. We have seen $167.6 so far. These are now ON HOLD. The near maintained gap lower on 4/15 put the bull calls on hold, but decent trade back above 17553-59 will reestablish bullishness. I said in the Post Market synopsis that this also went out weak on the day—we have seen $29.1 of this so far, but are called $19.3 lower as of 4:20am. A maintained gap lower today will leave a short-term bearish reversal above that will warn of additional pressure, likely for days.We 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.

bottom of page