My opinion is that the Gold is still in the borders of long term positive trend from the end of the last year. Now the price is more close to the bottom threshold of that long term positive trend, so we could see a development of bearish bat pattern setup:
long until: 1215.29
and then:
short until target 1: 1209.68
short until target 2: 1204.20
After that I expect that the trend will move to the upper threshold.
It is not for trading proposes! It is just an idea for the development of that trend.
long until: 1215.29
and then:
short until target 1: 1209.68
short until target 2: 1204.20
After that I expect that the trend will move to the upper threshold.
It is not for trading proposes! It is just an idea for the development of that trend.