Gold Gold Daily Video, January 16, 2024

[Sive Morten]

Good morning,

Despite Iranian attack, gold is still moving lower, so it seems that we still are getting 2-leg downside retracement. Thus, let's have a look what will happen around 2030$ support area, and our potential 2nd entry zone:

 

[olaaka carlos]

This is a great one again, Sive. Thank you so much, as always.

 

[Tradeitanyway]

Hey Sive , I hope your are good

gold has two valid both bullish and bearish setups

either ABC bearish where C = A at 1974 1910 supports

or bullish setup as triangle breakout

I think with all escalation happening in middle east .. maybe investors are waiting for a good level to long, can be 2017 50EMA daily or 1990 100 EMA daily

note: yes there is extreme escalation, but till now, USA is still saying through media that they do not want to escalate. So it's a tone by one side. I think USA do not want mess or lose current bull stock market , it is still in early stages , maybe when indices achieve some major targets then yes some increase with tone language by US foreign policy as a catalyst for indices to start a correction, just like when indices were at extreme highs pre Russian / Ukraine war.

War happened, indices collapsed for a short time.. war is still going on and indices are trading at historical highs still.

 

[Brett Reynolds]

Sell from $2045 yesterday which is area mentioned last week. Now News of Yemen strikes is over i still thinks that $2000 to be retested..! Stop is above $2060.