PivotBoss Pre-Market Video [June 16, 2023]: Gold Rejection

JUNE 16, 2023 — FRIDAY AM

The ES, NQ, and YM finished a highly bullish day Thursday with high-range sessions, which means today could be a relatively smaller range, but with an upward bias. Expect early weakness to be defended, as the markets look to trade sideways-to-up into the weekend, likely close at the highs of the week. Gold saw a tremendous rejection at the 1940 edge Thursday, which could trigger additional strength ahead. Crude pushed back above 70, which opens up 73-74 above.

FOMC Key Levels for JUN 14, 2023: ES 4421, NQ 15134.75, CL 68.88, GC 1967.3, RTY 1902.3, YM 34353, ZB 127’03, $DXY 102.743, 6B 1.2689, 6E 1.08585, BTC 26065, ETH 1743.5

Cheers!

Frank Ochoa
Author, Secrets of a Pivot Boss

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