Gold Gold Daily Video, June 03, 2024

[Sive Morten]

Good morning,

PCE report on Friday stopped natural upside retracement and now it start looking like "failed". We try to start with 2335 and 2344 resistance levels and search ability to sell around them. If our conclusion is correct, gold should keep going lower:

 

[Brett Reynolds]

I had $2360 level marked as resistance. When i saw spike up and failure there on Friday..i waited for 1hr close at $2345 and took a short. Stop is already at Breakeven. Initial target $2280 after Biden is talking about Peace Deal etc...