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Gold is Bullish, but Seeing Pressure Within Warned About on the Day 12/29/21

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. The break above $1,347.0 projected this upward $80 minimum, $320 (+) maximum. We have attained $744.2. These are 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. We held exhaustion above with a $2,001.2 high and rolled over $323.8. The trade below $1,915.7 brought in $238.3 of pressure. These are ON HOLD.

On a lower timeframe basis: The break above $1,779.5 (-1.8 tics per/hour) projects this upward $28 minimum, $42 (+) maximum. We have attained $42.1. The decent trade above $1,790.9 projects this upward $38 (+). We have attained $30.7 so far. If we break back below decently, look for decent pressure. This comes in at $1,787.5-7.4 today. I would be aware of possible exhaustion at $1,823.7-4.0, $1,831.2-4.7, and $1,847.7-52.4. We came shy of the lower of these with a $1,821.6 high and rejected of the line just below at $1,821.6 (+1 tic per/hour) and rolled over $25.7. I warned in the Post Market Synopsis that on the day this went out poised for lower trade before (if) resuming higher trade—we are trading $14.5 lower as I write this. A maintained gap lower will warn of lower trade as well.

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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