Gold is Bullish 4/18/22
On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2. These are OFF 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: The trade above $1,829.2 (+2.7 tics per/hour) warned of strength—we have seen $249.6. The trade above $1,880.6 also warned of strength. We have seen $198.2. These are OFF HOLD. 3/29 warned of higher trade and 3/30 further left a minor bullish reversal below—we have seen $79.2. The decent trade above $1,938.7 (-1 tic per/hour) warns of decent strength—we have seen $58.5 so far. The decent break back above $1,979.6 (+4 tics per/hour) warns of higher trade.
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.
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