Housekeeping: Wanted to get you this before the close today… impressive move in Gold (with stocks not recovering post FedEx news) after a nasty drop this past 2 months and a bonafide inflection point from Michael
To Everyone:
Some pretty big things going on in Gold right now- Sept 16th
Michael Moor’s Gold Macro levels were breached on the downside yesterday (see clip above) indicating a larger potential move lower. These areas are also indicative of major macro exhaustion if they break back the other way and he explains as much.
This is a technical video for actionable type traders like us who trade short term for intraday or 1-3 day positions. But it is also a sign that this market may be on the cusp of a much wider risk/reward that can “inflect” for $100s of dollars either way.
If you are looking for some tactical help on the proper way to use this stuff; listen to this 8 minute detailed podcast (unlocked) referencing his levels specifically just done in response to several Founders who inquired what was going on in Gold.
Personal experience with these:
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One day a week GoldFix shares exclusively with its members an extended excerpt of Moor Analytics professional technical analysis for energy with their permission. The rigor and methodology are the point for GoldFix subs. This is top shelf stuff even if you aren’t a subscriber to his work. It’s worth a listen if you are an active technical trader.
Go to MoorAnalytics.com for 2 weeks Gold, Oil, and Bitcoin reports free trial if you have interest.
