ridethepig | Gold Market Commentary 04.01.2021

📌 @ridethepig Gold Market Commentary 04.01.2021

This is illustrating the notion of 'total mobility', and also touched on a problem which we have not discussed in depth yet, trailing stops.

Here... we can quickly review the text book flows, firstly when you think of development and secondly because Buyers are threatening to become very strong now in the open areas! So a quick recap is urgently required:

An innovative concept. Buyers can avoid the loss of their development, and it can lead towards the home-run.

Worth considering $1,960 as a good and healthy area to do some business. We can now see the slippery risk slope as we enter into a 🔑 week on the elections front. Pence is now the only force to hamper this advance.

Sellers are clearly not happy with the loss of resistance and will seek compensation in a dangerous fashion. They should put up some fight at $1,960 before buyers threaten the break towards fresh all time highs with dollar devaluation to put the icing on top.

Thanks as usual for keeping the feedback coming 👍 or 👎

Komen:

$1,959 on spot..... we are getting front run more and more....

We hit $1,960 on futures but obviously not on spot, so, lets see if bulls can give it another go with NY today: