Yes, the gold market has pulled back but take a look at this…
January 9 (King World News) – Graddhy out of Sweden: “Yes, massive shooting star candle with bearish engulfing. But, I see it as event-driven anomaly candle. And, wick is in VERY thin zone which explains the massive shooting star really. And green parabola was in the making before event. Need to work it off though I think. (See below).
GOLD PULLBACK: Needs To Consolidate
Recent Gains From $1,480 To $1,610
Graddhy out of Sweden: “Monthly does not look that dramatic really. Expected that this massive black dotted support line/level would not give up without a decent fight. We are still only in the first DC (Daily Cycle) of the advancing phase of a new IC (Intermediate Cycle). DCH (Daily Cycle High) yesterday at day 38. Guessing DCL (Daily Cycle Low) in circa 1-2 weeks. (See below).
Gold’s Low For This Pullback Should Be In Place In 1-2 Weeks
Pierre Lassonde On Gold Pullback And 2020
ALSO RELEASED: Pierre Lassonde On The $70+ Pullback In Gold And What To Expect In 2020 CLICK HERE TO READ.
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