Gold is in Consolidation Within Bearishness 6/28/21
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 of this. 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. We will likely have to contend with possible exhaustion on the way down at $1,740.4-29.1 .
On a lower timeframe basis: The decent trade below $1,908.5 brought in $147.3 of pressure. Today has a good likelihood of seeing range expansion as well. The decent trade below $1,908.5brought in $147.3 of pressure. The decent failure below $1,806.1 (-.5 of a tic per/hour) has brought in $44.2 of the pressure warned about below. Decent trade above $1,789.6 (-.5 of a tic per/hour starting at 8:20am) will project this up $20 (+).
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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