Higher highs and higher lows since March on weekly Gold chart

31 Mei 2015

I expect Gold to rally from here. Last week I closed my short position and went long Thursday morning with Gold trading at $1180 and change. Notice since March the higher highs and higher lows. I expect a breakout above $1232 and a run to $1248-1298 by the end of June. I believe the trend has changed from bearish to bullish, with gold bottoming at $1130 in November 2014. The higher low this March at $1142 and higher lows since then. A buy signal on a monthly stochastic is evident also. June should be a great Month to be long Gold imho. Good Luck.