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At the beginning of 2021 and fired by the turn of the year time event we unfortunately had to recognise that gold delivered a classic bull trap and produced an important countertrend top very early in the year.

In course of March 2021 the MAJOR YEARLY GUNNER24 Support Horizontal at 1672$ was nearly exactly backtested and out of a daily and small weekly Double Bottom combination the gold started a nice uptrend what at May & June highs retested the 11-month Handle main resistance.

The monthly Handle resistance is a relatively steep rail. It is AT SAME TIME alltime-high (ATH) resistance and a lower year highs resistance til today and would only be finally overcome with a monthly close above 1915$ or so.

Because of the probably again violently acting Handle resistance, I recommended end of May to close gold long positions above the 1900$ cause it should retrace next into 1822$ MAJOR YEARLY GUNNER24 Support Horizontal and maybe even into round 1800$ support number:






Current GUNNER24 Setups
 MonthlyWeeklyDaily4 Hour
NQ 100G24UpG24Downnone1606132965G24UpG24Downnone1606132859G24UpG24Downnone1622114302G24UpG24Downnone1623224125
Last Update: 2021-06-17 11:35 CEST
Recently updated: Silver 4 Hour
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