Price came within 0.8-points of our third target of 1363.0 Yesterday, after our first target of 1324.7 set on April the 28^th was reached on the 3^rd of June, after 36 days (our proprietary projection tools suggested 33 days), and our second target of 1336.2 was reached on the 5^th of June.

There are signs at the moment that the strong upward momentum is weakening, with possible Selling pressure developing and the Supply / Demand Balance, tilting to the Supply side at the moment. A pullback is possible or possible sideways price movement.

Caution:

A pullback into the 1336.0 to 1325.0 levels is a possibility. The recent attacks on 2 oil tankers in the Gulf of Oman, can spark more fear in the markets, which could lead to more upside momentum in precious metals?

Link to Facebook Group where these assessments are also posted regularly.

Recent article by The Technical Traders:

PRECIOUS METALS: T-MINUS 3 SECONDS TO LIFTOFF

Links to previous Gold and Precious metals posts:

GOLD, SILVER, OIL, CRYPTOS - 30 May 2019

Deep pullback or new low? - 19 May 2019 

OUR LONG-ANTICIPATED GOLD MOMENTUM RALLY BEGINS - 14 May 2019

Halfway to our target - 14 May 2019

US INCREASES TRADE TARIFFS AGAINST CHINA – MARKETS, GOLD, AND SILVER - 11 May 2019

GC #F Supply with another possible Spring set up - 3 May 2019

GC #F Gold set for 1324.70 in 33 days - 28 April 2019

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