GOLD PRICE for 4/20/20
On a macro basis: The break above $1,347.0 projects this upward $80 minimum, $320 (+) maximum.We have attained $441.3 of this so far. This is ON HOLD. On a short-term basis: Friday left a short-term bearish reversal above that warned of additional pressure, likely for days. We have seen $29.7 of this so far. Decent trade back above $1,726.3 will negate this and warn of a run for $1,788.5 (+), reestablishing overall bullishness.
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.