Gold Gold Daily Video, April 25, 2023

Sive Morten

Special Consultant to the FPA
Messages
19,010
Good morning,

Gold doesn't support recent EUR rally, which exclude dollar weakness. We still do not see reasons to deny existed bearish daily patterns and still suggest 1950$ area drop possible. But alternative view also has reasons to exist. Gold now stands indecision, waiting for some new driver.

 
Current picture... y has reached mimimum target.. upside is possible but to me not very probable.. current buy zone 1930/1900.. depends of this leg down..
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Silver.. funny count.. my prefred target zone was/is between 22,38 and 21,47 but I think we will not see this price nevere ever.. upside target is enormous..
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Time to sell?
ps:
phony 5 wave leg down.. sold good anyway.. Q: will Gold follow pullback on €$? They worked in same direction last few days.. when €$ stopped Gold started.. will see..
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