GOLD prices are heading towards a sustainable break above $1980 as Fed policymakers are divided over June's interest rate policy.Fed Harker and Jefferson support a pause on policy tightening while Fed Mester sees no reason to pause.
GOLD price is accumulating strength to break above the horizontal resistance at $1984.25 after breaking the downsloping trendline.I expect
GOLD to have a dip towards the 1970$ support then resume the uptrend. gold continues wave 5 of the Dow theoretical.The level I expect GOLD to reach is 1980$, 2000$
I hope everything goes according to plan and you make a lot of money
Make sure you have enough Stoploss to win the market.
Have a nice day!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.