Article Archives (2023)

In Yesterday's IMT, I reminded about the importance of 4890 oz gold and the various technical approaches used to arrive at that level. This morning a member of the WhatsApp Broadcast Group woke up in the Middle East and read my reminder from last night about reiterating the interim resistance of 4890. The member was lucky enough to find gold at 4888 and so decided to short. What happens now? The 15 mins chart is at a wedge, which could either break down to at least 4845/50, or break above the wedge and hit 4940. Trump will address Davos at 13:30 GMT, may serve as a catalyst. But Silver has yet to reach 100, so we're far from done.