PivotBoss Pre-Market Video [January 21, 2020]: Rejection Developing in Gold

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January 21, 2020 — TUESDAY AM

The ES and NQ has pulled back modestly in overnight and pre-market trading, but may have now developed rounded bottoms, which suggests more upside ahead today. Crude Oil may see an intraday bounce after heavy selling pressure recently, and Gold is developing rejection at the 1565 level we’ve been watching. Here are the key levels to watch today.

Cheers!

— Frank Ochoa
Author, Secrets of a Pivot Boss

1 thought on “PivotBoss Pre-Market Video [January 21, 2020]: Rejection Developing in Gold”

  1. Mustafa

    Gold price was rejected right around 1565 level as you predicted. Since then it closed the day with a small body and long wicks on both sides. Today the price rejected at mid of yesterday’s candle and is heading down. Hopeful to see 1525, 1500 and 1450 levels in the coming days. Thank you Pivot Boss. Your analyses capture the “pivots” of the market as they are forming.

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