Gold Gann Angle Update - Thursday, Jan. 9

The new year of 2020 has gold poised to break out higher. Why is gold going higher? Maybe the FED's economists can explain .... or not.

Maybe these could be on the list:

- FED repo hundreds of billions a day.
- ECB made up tools to keep the European banks solvent.
- A sugar high stock market with Apple Inc and Microsoft looking like Bitcoin 2017.
- The US bond market is NOT confirming a strong stock market.
- Corporate profits have flat-lined for 3 years while stocks soared each year.
- Knowing a US election year needs stimulus, and a lower US dollar is the first choice.
- China deal will have a currency element to make it easier to do business. Lower US dollar.

Gold Gann Angle 

(Click on image to enlarge)

Gold Channel showing long term trend

(Click on image to enlarge)

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to ride the change after all these methods have been used successfully for 70+ years.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.