Gold Price Forecast – June 6, 2024

Posted on June 06, 2024 by Dean Rogers, CMT in Gold Price Forecast

Gold confirmed a small $2335 double bottom and settled above an important retracement of the move down from $2477 today. These factors warn that the move down will fail to confirm a double top that had formed around $2474. They also suggest that gold is readopting a firm bullish outlook.

Crude Oil Price Forecast – June 4, 2024

Posted on June 04, 2024 by Dean Rogers, CMT in Oil Price Forecast

WTI crude oil has sustained a close below a bearish decision point at $75.8 for the past two days. The move down is due for a test of resistance, but any move up will likely be a correction. Technical factors call for continued decline; the next major objective is $70.4.

Gold Price Forecast – May 23, 2024

Posted on May 23, 2024 by Dean Rogers, CMT in Gold Price Forecast

Gold’s pullback from $2454.2 has confirmed several daily bearish reversal signals and has formed weekly bearish patterns and signals that may be confirmed on Friday. These bearish factors imply that a significant test of support will likely unfold in the coming days.