Gold to $1350+

٢٦ مايو ٢٠١٧

Looks like we are close to breaking long-term resistance on monthly bars here. I'm looking for a quick run-up in June, with continuation in July. First TP is 135x, but if that give way we could see ramp into 114XX very quickly. I think crypto is keeping a little bit of a lid on PMs right now, so if that trade starts to wane, it should also add fuel to PM rally.

Invalidate if May low is taken out.