January 13, 2023 - (Gold Market Wire) - Everyone in the trading arena knows the trick: Ramp the market to an important psychological point (like $1900), set off the buying orders when everyone chases, and then watch the market drop, trapping the poorly placed length. So we have it now - with a twist. We already had the high tick move...and it didn't work. We are following through, instead. The Gold market has serious strength behind it now - and there is little that can stop it.

Yesterday it looked like we were about to play that high tick game, again. But we didn't in the end. Every time the dreaded parabolic takes form, heralding a top out formation, the market gaps up, setting a new rally in motion. There can be little doubt - Gold is on fire.

Now we have cleared the top of our channel marking, and will probably close above it today. It just doesn't get more bullish than this. In situations like this you have to balance the fear of missing the boat completely with the adage that 'thou shalt not chase strength'. But sometimes, the market tells us that those rules must be pocketed. This is one of them. Gold is at the beginning of a new bull run that is going to take us through $2000, and very likely to new all time highs. Back in early December we warned of a "sea change" , and lo and behold, it looks like we have it. This is no time to be on the sidelines. These are the kinds of moves that portend historic market events. We are entering the next stage in Gold's 20-year+ rally, and it is likely to be breath taking.

Gold is under priced and ready to run further.

‍

Today the target is to close above $1900 on this magical date - Friday the 13th.