About Michael Moor’s Work: Moor Analytics produces technically based market analysis and actionable trading suggestions. Reports are sent to clients twice daily, pre-open and post close.
Go to MoorAnalytics.com for 2 weeks Gold, Oil, and Bitcoin reports free trial
If you are a serious technical and/or day-trader type we recommend his work without reservation. Go here
Gold:
We are in an actionable range for a great risk/reward trade in Gold
What is happening:
That wedge we identified last week is now at the point where it should repel movement through it as Michael’s numbers are now coinciding with our own BBand analysis
Remember: Gold in a dead environment used to be a wedged market. We haven’t been dead in so long …some may have forgotten.. lets hope that hasn’t reasserted
Our Modified Moor Levels for simplicity (intraday pullbacks)
Bearish bias below 1963
If trades below 1963, Sell rallies back up above 1966 that do not penetrate 1973
Bullish bias above 1973
If trades above 1973 Buy dips that break 1973 but do not penetrate 1966
