GOLD
– As May Monthly candle closed Bearish tapping into Monthly Support formed on FEB 2022 at around 1790. 1790 is also a strong Weekly Support that was held from the last quarter of 2021 until Feb 2022.
– Previous Daily candle closed Bearish breaking below the most recent Daily Support formed around 1850.
– Buys on a close above 1841.500 targeting 1h Resistance at 1846.300 leaving Runners to next 1h Resistance around 1851.400.
– Sells on a close below 1835.400 targeting Monthly previous Resistance formed in JAN 2022 at around 1828.800 leaving Runners to 4h previous Resistance formed on (18.05.2022) at around 1821.000.
– We have ISM Manufacturing PMI, JOLTS Jobs Openings after NYSE Open followed by FOMC Member Bullard Speech after London Close.
– Previous Daily candle closed Bearish breaking below the most recent Daily Support formed around 1850.
– Buys on a close above 1841.500 targeting 1h Resistance at 1846.300 leaving Runners to next 1h Resistance around 1851.400.
– Sells on a close below 1835.400 targeting Monthly previous Resistance formed in JAN 2022 at around 1828.800 leaving Runners to 4h previous Resistance formed on (18.05.2022) at around 1821.000.
– We have ISM Manufacturing PMI, JOLTS Jobs Openings after NYSE Open followed by FOMC Member Bullard Speech after London Close.
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