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Gold 30th May :

We are coming up to this date which was originally projected as a Low point. If we continue to move up into this date we could be setting up for a counter-trend Top so I would wait a few more days and hopefully, by around Thursday or Friday, we should have a clear indication that Gold is setting up for Top. As outlined earlier in my posts it is very important to wait for these turning points to draw closer and a few days beforehand we can qualify the position of the market as to whether it is setting up for Top or Bottom. I have calculated three price targets which we will refine further as we move into the 30th May.

1 Square up from the Low = 1872 so watching for price to move beyond this point.

2 Square up from the Low = 1959 which is a fair bit higher but a good point for reference

2 Square down from Top = 1893 a very important point to watch.

The next price targets are a bit more specific and I would place more weight on these targets so we will have to wait and see how we are moving and what levels we are closest to over the next few days.

1882 - 1885

1879

1894 *

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