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Assessments / Blog
GC #F Gold first and second targets reached
Our target of 1324.7 set on April the 28th was reached on the 3rd of June, after 36 days (our proprietary projection tools suggested 33 days), with our second target of 1336.2 reached on the 5th of June. Our 3rd target of 1363.0 may still take a while to be reached.
There are signs at the moment that the strong upward momentum is weakening, with Buying pressure easing and the Comparative Strength weakening at the 2nd standard deviation level. A pullback is possible or possible sideways price movement for a while.
A pullback into the 1325.0 to 1316.5 levels is a possibility.
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