GOLD 01/06: GOLD after PMI
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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