Gold bounced back from a low of $1932.1 and reached a high of 1963.5$.
The uncertainty around Congress passing the debt ceiling deal and mixed US data supported the rise of gold.
In May, the CB Consumer Confidence in the US decreased to 102.3 from an upward revised 103.7 in April.
The first catalysts for gold's movement are China's Official NBS Manufacturing PMI and Non-Manufacturing PMI for May and US JOLTS Job Openings for April.
Resistance zone 1965.3$ is being retested since Tuesday
I would consider selling gold at 1972-1975 Stoploss 1982
My own expected return is 1968-1961-1949
How about you?
Support: 1.944,4 1.935,3 1.912
Resistance: 1.965,2 1.972 1.985,25
How do you think gold is today? Happy to share with you
The uncertainty around Congress passing the debt ceiling deal and mixed US data supported the rise of gold.
In May, the CB Consumer Confidence in the US decreased to 102.3 from an upward revised 103.7 in April.
The first catalysts for gold's movement are China's Official NBS Manufacturing PMI and Non-Manufacturing PMI for May and US JOLTS Job Openings for April.
Resistance zone 1965.3$ is being retested since Tuesday
I would consider selling gold at 1972-1975 Stoploss 1982
My own expected return is 1968-1961-1949
How about you?
Support: 1.944,4 1.935,3 1.912
Resistance: 1.965,2 1.972 1.985,25
How do you think gold is today? Happy to share with you
Comment:
Touching resistance 1965.2 turned around
Comment:
Wow, gold return 1960 +130pips
Comment:
As expected, gold hits insurmountable resistance 1972
