PivotBoss Pre-Market Video [June 03, 2020]: Bull Trap Developing in Gold?

JUNE MARKET OUTLOOK: Thank you for joining me for my Monthly Outlook webinar! Here’s the recording link for those who want to watch it again: https://pivotboss.com/2020/06/02/pivotboss-monthly-outlook-june-01-2020-90-minutes-of-chart-candy/

The ES, NQ, and CL remain very bullis and, until proven otherwise, we must continue to follow the trend. However, we must also continue to watch for signs of rejection as we approach significant overnhead resistance. Gold has developed a 2-month trading range above the 1700 key range high, which is beginning to look like a large bull trap. Failure to hold 1700 could open up a return back to 1575.

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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