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UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641810
Daily Targets
The Buy 1 (B1) level for gold today of $1,475 did not activate a buy trigger by closing above it. Gold continued to trade into the Buy 2 (B2) level of $1,470, and even below $1,470. The fundamental news drove the price down to what our proprietary artificial intelligence algorithm, the Variable Changing Price Momentum Indicator (VC PMI), calls the accumulation of demand or where, if activated, there is a 90% to 95% probability that buyers could be identified at this level and a reversion back up will occur.