Gold Aiming To Leave Consolidation

٥ يونيو ٢٠٢٠

Gold is clearly in consolidation and stuck between a high of $1920 and a low of $1046. This is just
Gold’s way of recovering following its 10-year 630% rally prior.

During the consolidation period, price was on a decline which almost made it to $1000 and has since
recovered by 63%. As long as the current uptrend within the consolidation zone continues, then we
want to see price continue towards the all-time high.

A break a close above the all-time high at $1920 should see a continuation in Gold but we have to
bear in mind that the major psychological $2000 round number may be a strong level of resistance.

At the moment we are mainly focusing on stocks as they are currently on the rise but we intend to
keep a keen eye on Gold for potential investment opportunities.

See below for more information on our trading techniques.

As always, keep it simple, keep it Sublime.