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Gold is Bearish 9/28/21

On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. We have seen $905.5. This is ON HOLD. We held major exhaustion at $2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macro bearish correction warned about. This is ON HOLD.

On a lower timeframe basis: We attained $107.9 of the higher trade warned about since the close of 8/10 at $1,729.0 (in the (U) contract). This is ON HOLD. The decent trade below $1,821.4 (+2 tics per/hour) projects this downward $22 minimum, $38 (+) maximum. We have attained $86.1. The decent trade below $1,802.2 (+.8 of a tic per/hour) projects this downward $26 (+).We have attained $67 so far. These are OFF HOLD. I warned we are approaching possible exhaustion areas below at $1,738.6-29.9 and $1,713.8-11.9, either of which have the potential to start this in a new bull structure—we held the upper of these with a $1,737.5 low, bounced, and rolled over to test it again this AM. The decent break below $1,752.8 (+2.6 tics per/hour) now projects this downward, but at the same time we are holding the exhaustion area—so we will have to see which wins out today. I have readjusted the breakdown line above—so a decent break above $1,749.9 (+2 tics per/hour starting at 8:20am) should bring in decent renewed strength.

NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold, Bitcoin, 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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits, or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast, or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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