Well we made a lower high at 1366, we broke a major tl and after 2 tries gold coudnt go back up so my opinion on this is bearish.Also you can see price making a descending triangle on lower tf , another thing that makes me think we gonna go lower but we will see:).
Sure, market will show us reality soon. Just valuable to be prepared for opposite scenario. You predict growth of the oil, so probably believe that Gold should to be bearish. Just think what if Gold is going to grow because of some other reason(s)? So, not allow to catch you in a this trap. Be very carefully at 1330+-.
But we haven't made a lower low, in fact it are higher lows and equal tops so ascending bull triangle. Of course that is never a certainty but imo, especially with fundamentals included, this could go higher. This seems more like a temp stop.
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