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Finally, gold lost it`s 2-week Symmetrical Triangle support on Friday. This is bearish - at least when we consider the coming hours or next few days. Nonetheless, it defenitely looks like gold has to rise a bit more until the uptrend that began at 2018 Low could or should exhaust.

Here are my thoughts for this upward trend in the gold which should actually work off the 1320$ to 1322$. This zone is now the nearest activated weekly GUNNER24 Uptrend Destination. As we all still know, the 1320$-1322$ is a MAJOR GUNNER24 Horizontal. A future GUNNER24 Resistance on yearly base and because of this also always radiating in the lower charts.

Thus, 1320$-1322$ is very strong resistance and now once again a very interesting upmagnet for gold. Over the next few weeks, the final high of entire 2019 could be printed at this MAJOR 2019 uptarget, before the test of the 2018 low environment could be triggered afterwards. But first of all below follows what I see, expect for the near-term...




Current GUNNER24 Setups
 MonthlyWeeklyDaily4 Hour
NQ 100G24UpG24Downnone1522838240G24UpG24Downnone1522838622G24UpG24Downnone1546949501G24UpG24Downnone1547232543
Last Update: 2019-01-19 06:17 CET
Recently updated: Silver 4 Hour
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