Gold is in consolidation within bullishness 1/25/22
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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. 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 has brought in $69 of higher trade The trade above $1,790.9 projected this upward $38 (+). We have attained $57.6. The break above $1,796.3-7.8 has brought in $50.7. The break above $1,811.8 warned of strength—we have seen $36.7. The trade above $1,815.2 (-2 tics per/hour) warned of strength—we have seen $33.3 so far. The trade above $1,826.9-7.0 also warned of additional strength—we have seen $21.5 so far. If we break back below decently, look for decent pressure—this will come in at $1,825.9-5.8 today. CLICK HERE FOR FULL BLOG.
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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