$Gold for 1985-2000 continuation

6 de jun. de 2023

GOLD
The key level resistance is expected to hold according to macro trends.

I consider this formation to hold some steam to carry gold to at least 1975 mark. If we are lucky, we will see some short consolidation before it will try to surpase the 1980 mark.
With some good momentum we will see gold climb pass the 1985 strong ceiling and grab the 2000 price level of a few minutes before heading down again.

I will be reinforcing my position once at 1957-1956
MY PERSONAL position is:
Entry: 1942 & 1957
Target 1: 1977
Target 2: 1984

However, I dont see us passing the 1985 strong ceiling in the upcoming days.
It is probable gold will have a 4th attempt at crossing this level in the coming trading day. before being rejected and shooting down to the strongest recistance.

Set your shorts accordingly.
Possible short Entries:
*1985
*2000

Possible strong resistances
~1940 (Weak)
~1926 (Medium Strong)
~1898 (Strong)
~1885 (Strong)