Gold *Update*

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Gold Update: Feb 20, 2020

  • Please scroll down and check my updates below. As of now, the gold price follows nearly perfect the scenario, I outlined in the last two months.
  • It looks like the mid-point correction ended two days ago and we are in the next upleg.
  • A similar upmove, like the first leg, would imply a target of roughly 1720 USD.

 

Gold Update: Feb 09, 2020

  • Gold trades still within a possible mid-point consolidation. (target 1720+ USD)
  • The fact that the consolidation takes place at the last high (August 2019) is highly bullish.
  • As of today It looks like the upward breakout could take place in mid-February.

 

 

Gold Update: Jan 29, 2020

 

 

Gold Update: Jan 16, 2020

  • I was highly bullish for gold in December 2019 and called the breakout nearly to the day.
  • The run above 1600 USD triggered various exhaustion signals -> some consolidation/correction was needed.
  • There is a good chance we are in the next try to break above 1600 USD.
  • The recent correction could be a midpoint correction similar to June 2019. (price target 1720 USD)

 

Gold Update: Jan 10, 2020

 

Gold Update: Dec 25, 2020


 

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