Gold Futures (11 June’21)

Multi timeframe analysis

QuarterlyStrong Buy
MonthlyNeutral
WeeklyStrong Buy
DailyNeutral

KEY CONCLUSION:

Gold will most likely continue moving higher. Wait until Gold moves above $1911 and ideally above $1950 without reversing. Potential target $2500.

Gold, quarterly

TRIX – long

TTM S – long

$2000 is THE major pivot, just like $1000 was the pivot in 2009.

Gold, monthly

TRIX – sell

TTM S – neutral

Pattern – Bull Flag

Gold, weekly

TRIX – long

TTM S – long

Futures formed a Bear Trap in March-May

Gold, daily

TRIX – sell

TTM S – neutral

Level of interest to establish long position – 1911.

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