I believe Gold wants more

11 thg 5, 2021

I believe Gold isn't done on its recent squeeze upwards from 1680. Although, I believe that we may need a cool off phase. Dont see the point in shorting but I have exited longs. I think if my labeled supports break that Bulls are done. But that support seems tough. Also, the conditions given commodities spiking I find it bit hard to believe Gold is worth shorting at the moment. Gold has been consolidated for a while now and this may be the time for it to shine. Targets up have been labeled near and around 1900. Support is given as well. Take into account this is a COMEX chart for Gold futures and price/charts may vary from spot.

Happy Trading.

-Hoop.