Gold Gold Daily Video, January 19, 2024

[Sive Morten]

Good morning,

Gold keeps nominal bearish context but is coming to vital 2030-2040$ resistance area. Bears have to hold it to keep downside context intact:

 

[Brett Reynolds]

The remainder of my original sell position from $2042 was stopped at $2020. Market now at 61.8% of move down from $2055 on Tuesday 16th and Sive confluence area. Will look for PA around this area for another sell position back down to $2000/$1980.