PivotBoss Pre-Market Video [January 24, 2020]: Quantifying Gold’s Compression

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January 24, 2020 — FRIDAY AM

The ES and NQ and NQ have pushed higher after reversing from yesterday’s lows. While each have bounced after the recent “pullback”, we may be setting up for a wider pullback next week, which could lead to a great buy-the-dip opportunity. Crude Oil remains on a path lower, and we quantify Gold’s compression, which could lead to a major 80-100 point breakout soon.

Cheers!

— Frank Ochoa
Author, Secrets of a Pivot Boss

1 thought on “PivotBoss Pre-Market Video [January 24, 2020]: Quantifying Gold’s Compression”

  1. Mustafa

    On weekly gold the spike up left a shooting star formation with mid point at 1575. On Friday prices touched that midpoint then retraced… Please do comment in your next analysis on that relationship. If that mid point holds in the next week upon a restest. Can a short position be initiated with SL above 1615.

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