Gold Gold Daily Video, September 13, 2022

Sive Morten

Special Consultant to the FPA
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18,685
Good morning,

Gold shows more bullish signs right now and failed to show normal bearish reaction on Monday that we were intending to use for short entry. the major reason is widely expected softer CPI numbers today. Based on these reasons, we prefer to wait a bit as chances to reach 1736-1740$ levels are relatively high now:

 
I will look for short sell opportuntiy around $1750. I cannot see that Gold would pass $1800.!? :cool:
Looking at All $US majors at moment charts have hit long term support levels and i sense $ weakness in the next few weeks at least...?
 
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