Gold Gold Daily Video, June 04 2021

Sive Morten

Special Consultant to the FPA
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18,571
Good morning,

Due sharp drop and strong employment numbers gold could show 2-leg retracement on next week. So, we consider 1820 support level as suitable for long entry on daily chart. Meantime, currently gold is forming B&B "Buy" short-term pattern that could trigger bounce to 1890 resistance area:

 
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