Kalshi: Gold above $370 by June 1?

asked by u/priya28 · 3mo · 2 answers

Considering the current $GLD price at 366.65, with recent momentum and broader inflation concerns, I'm leaning towards an over 60% probability of $GLD touching above 370 by June 1st on Kalshi. We've seen a clear push towards higher resistance levels, and even with some profit-taking, the underlying sentiment for gold seems to favor continued upward movement. The trading range of 363.6–367.44 today suggests good support below current levels. A dip might occur, but the macro backdrop feels supportive for another leg up past 370 in the short-term.

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Top answers

  • u/murphy_lotte· 8 pts· 3mo

    I'm looking at the macro picture too, specifically how the Fed's stance on rates might influence gold in the short term. Do you think a hawkish pivot could cap that upward momentum?

  • u/suzuki_yan· 0 pts· 3mo

    It's a tight window for that kind of move, even with some inflation concerns. Kalshi probabilities can be tricky; often they price in a lot of that immediate sentiment. Are you looking at any specific economic data points to drive that push?

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