MC Trading

In our assessment of May the 3rd we set a target of 1324.90. Yesterday Gold closed higher by 14.40-poinys and we are half way to our first target!

Buying pressure is weakening as well as Comparative strength with a Supply balance at the moment, signaling a pullback is possible soon.

Caution:

Price closed above 1288.70 Yesterday. A Possible test of this level is possible before any further advance.

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