Gold and Silver Markets’ Forecast Update

• $1,550 area, must be VERY STRONG RESISTANCE. See attached charts.
• Silver might try a false break out now
• Watch out for break below the $38.00 level to enter short trade. 
• Silver First target support is $34.20 area. See attached charts
• Next time cycle for turn is on June 1st. However, we ought to be on “the watch” on 05-31, once price start entering the range of $1545-$1553 area for reversal, especially on 05-31 around 11-12 AM NY time. “Break-out from the downward channel on 06/01, while ignoring price level and considering 06/01 time cycle for CIT = Long entry at $1,533 area. 
• Then, one should have closed the long trade at $16 profit, as $1,550 was predicted in bold letter as STRONG RESISTANCE.” However, selling at $1,549.50 level was the highest probable trade, with price cycle and time cycle lining up, June 1st and $1,550 price level. Selling at $1449.50 with stop just above was the highest probable trade  with highest reward to lowest risk ration, with your eyes closed 🙂 (= with great confidence). , that trade was went down to $1,519.50, it was $30 trade.
• Silver  chart on, long wick with very small body, an inverted hammer, after previous bar hammer was an indication that tussle between buyers and sellers would result into some fast move. A break below $38 was indicated as short trade in forecast. Short entry at the break below $38, breaking down from the upper band of the downward-channel, timed with time cycle of 06/01. Trade went down just a little above my target profit area of $34.20
• Next time cycle is June 3rd, I will be watching that time cycle for reversal also. On 06/03, gold came down to double bottom and test the $1,520 level and bounced back up to $1,546, that was $25 trade.

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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