Gold is bearish 10/11/21

By Kitco News / October 11, 2021 / www.kitco.com / Article Link

Ona higher timeframe basis: I cautionedon 8/16/18 the break above $1,179.7-$1,183.7 warned of renewed strength. Wehave seen $905.5. This is ON HOLD. We held major exhaustion at$2,071.6-93.2 with a $2,089.2 high and rolled over $412.8 into the macrobearish correction warned about. This is ON HOLD. Ona lower timeframe basis: The decentbreak above $1,729.9 (-4 tics per/hour) has brought in $52.9 of renewedstrength. The decent trade above $1,746.0-6.3 has brought in $26.5 of strength. This is ON HOLD. The trade above $1,762.3 (-1 tic per/hour)brought in $20.1 of the strength warned about above, and then rolled over andfailed back below where it came in at $1,761.4. This will come in at $1,760.1(-1 tic per/hour starting at 8:20am). The break below $1,762.1 (+2.5 ticsper/hour) also now warns of pressure. This will come in at $1,765.8 (+2.5 ticsper/hour starting at 8:20am).CLICK HEREFOR FULL ARTICLE. NOTE:this is just a small portion of the market calls I provide my clientstwice daily in the Gold, Bitcoin, and Energy complex. 'Decent penetrations' arespecific amounts and provided to clients daily as well. If you are interested,please feel free to reach out.Commodities trading involves a substantialdegree of risk and may not be suitable for all investors. Michael Moor does notguarantee profits and is not responsible for any trading losses of subscribers.No representation is made, stated or implied, that any investor will achieveresults, profits, or losses, even remotely similar to hypothetical results.Past performance is by no means indicative of future results. Informationprovided in this newsletter is not to be deemed as an offer or solicitationwith respect to the sale of purchase of any securities or commodities. Anycopy, reprint, broadcast, or distribution of this report of any kind isstrictly prohibited without the express written consent of Michael Moor.Michael Moor may execute transactions in a proprietary trading account that maybe consistent or inconsistent with the contents of the newsletter. The content,statements, and viewpoints expressed in this publication are those of MichaelMoor solely in his individual capacity and are not attributable to any personor entity other than Michael MoorBy Moor AnalyticsContributing tokitco.com Follow @KitcoNewsNOWmike@moor-analytics.comwww.moor-analytics.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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