Gold is in another macro stretch of a macro bearish correction 6/23/21
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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. This is OFF HOLD. We will likely have to contend with possible exhaustion on the way down at $1,740.4-29.1 and I would also NOTE that from today forward marks the ideal timeframe for this to hold (if it is going to). 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. CLICK HERE FOR FULL ARTICLE.
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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