Historical resistance hit again. Predictable short. Chart Notes.

Gold came off again at historical resistance for predictable short. target June 4 1320.00 area. #Gold GLD $GC_F

If the June 4 downside target doesn't hit and Gold turns up then look to upside in to 1350.00 area again for a decent short side trade set-up (historical resistance).

Trade is over 50 MA at this point on daily but 100 MA seems to be recent support area (generally).

Also MACD Stoch RSI and SQZMOM are moderately flat so this looks like a consolidation area near term.

For more detail on the time cycle peaks for your trade, price targets, and support / resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts.

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