Gold Analysis for June 2, 2026
Gold has reached the previously projected level of 4540 on the spot market (https://overtonfinance.com/index.php?threads/xauusd-forecast-for-june-1-2026.58/post-89)
Positions are closed; currently staying out of the market.
Trade idea: Formation of a pattern via a local extreme in the 4502-4509 area (provided the price reaches it).
The immediate potential target is to break through the highs (potentially a marginal move), but I am setting a risk-to-reward ratio of 1:3 up to the point of breaking the highs.