Weekly Analysis Update \ Gold; Friday 10 Feb 2023
This week was a major chopfest and I hope nobody got blended.
We failed to take out the previous weekly low at the start of the week which meant I needed price to trade higher into a premium market to then allow central banks to reverse and go short from.
The target I sent on Sunday of 1890 hit perfectly on Thursday and immediately ran to the overall weekly target in one day's trading. This means they allowed Mon-Weds to chop and then deliver on Thursday similar to the US Equities.
Once the Gold rush bites you it is hard to stay away.
Have a good weekend, will update with a forecast for next week on Sunday. CPI data on Tuesday, stay safe.
We failed to take out the previous weekly low at the start of the week which meant I needed price to trade higher into a premium market to then allow central banks to reverse and go short from.
The target I sent on Sunday of 1890 hit perfectly on Thursday and immediately ran to the overall weekly target in one day's trading. This means they allowed Mon-Weds to chop and then deliver on Thursday similar to the US Equities.
Once the Gold rush bites you it is hard to stay away.
Have a good weekend, will update with a forecast for next week on Sunday. CPI data on Tuesday, stay safe.
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