Gold Forecast for May 13, 2026
Gold closed yesterday by touching the target zone, although we did not test the 1/2 margin level, as a strike test proved sufficient. We saw a strong breakout followed by an engulfing move during the European session.
Now, following the correction, I expect the completion of the bullish marginal cycle. I am keeping my stop-loss placed behind the current extreme if price action heads back down to test the 1/2 level.