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Gold is bullish unless we fail formation below 3/24/22

Moor Analytics

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Commentaries & Views

On a higher timeframe basis: I cautioned on 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. 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. This is ON HOLD.

On a lower timeframe basis: The trade back above $1,929.8 (-2 tics per/hour) warns of renewed strength--we have seen $19.5. Decent trade back below where this comes in at $1,926.9 (-2 tics per/hour starting at 5:00am) should bring in decent pressure. Decent trade below $1,920.1(+1.5 tics per/hour starting at 5:00am) will project this downward $31 minimum. A maintained gap higher will leave a medium-term bullish formation below as well. 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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By Moor Analytics

Contributing to kitco.com

Contact mike@moor-analytics.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.