Gold Gold Daily Video, January 09, 2024

[Sive Morten]

Good morning,

Gold shows reaction on 2016-2017$ K-support area. Despite that higher pullback is possible (~2045$ area), context remains bearish and we discuss short entry. Besides, new YPP around 2003$ area has not been tested yet:

 

[Brett Reynolds]

I missed short entry opportunity yesterday on market open around $4045 and market dropped to $2017. This is 61.8 of swing from 13th December. The market has bounced..and so i took another sell position yesterday at $2028. My stop is above $2050. Target is around $2000/$1990 for this week. If i am in profit before CPI release on Thursday i will 'Take the Money'.!