Top Down Analisis #GOLD (June) #1

In the Monthly Chart the month of May the price respect the $1277.50 support wich are the moving averages and close around $1306.00. Starting this month with a bull momentum looking for $1334.90 (Weekly Ressistance) and if we keep this bull momentum in June the price could rise looking for $1375.00 to $1389.90 (Monthly Ressistance). We have to wait for confirmations of a break of the Weekly Resistance ($1334.90) or a pull back to the $1300.00 zone.