Gold Gold Daily Video, January 25, 2024

Sive Morten

Special Consultant to the FPA
Good morning,

So, Gold was able to hold vital bearish resistance of 2040$, moving lower. This keeps bearish context intact. Still we have weekly grabber on the table, that remains valid by far and bulls have to make difficult decision on either taking position with it or not, because market stands at last 5/8 support area now around 2015$. Here we offer some compromise solution for this riddle:

I have been bearish on Gold since beginning of year. I don't think $2000 was quite Hit last week..and then i have another level of $1980. I think this will be Hit going into end of January... ;) I will look to take another sell position today if possible..