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GOLD for 1/21/20

Writer's picture: Moor AnalyticsMoor Analytics

On a very short timeframe we held the temporary exhaustion warned about below at 15363-31 with a 15364 low and bounced $32.4. The near maintained gap higher also left a short-term bullish reversal below. Decent trade back below 15476-73 will negate this and reestablish the bear call. Failure back below 15612 (+2 tics per/hour) this AM put this below a minor line that currently has it under pressure against the short-term bullishness. NOTE: this is just a small portion of the market calls I provide clients twice daily. Please reach out if you are interested in a free trial.

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