Gold Gold Daily Video, February 14, 2024

[Sive Morten]

Good morning,

CPI has triggered downside action, so our setup has worked nice. We suggest that it will be not a short-term reaction. We consider 1977-1980$ as nearest target, next one is 1965. More extended is on the daily chart - area around 1925$.

 

[Brett Reynolds]

I got sell yesterday at $2015 which was low' of previous week. I think nearest target for this week is $1980 which is another level which i mentioned 2 weeks ago. Especially after Breaking of $2000 level.
Care is needed..as $1980 is important level..but i think very real chance of further drop of $1930 area..