Recap:
On the weekly charts, 1745 appears to be a significant support level. The last 112 days have seen a bearish trend, during which time gold has lost -14.25 percent. It appears ready for a bullish rally to 1889. 98
If the current bullish trend with the existing targets is broken, I expect a pullback. The current targets are: target 1 (1747.432), target 2, (1727.26).
If the upward trend continues, target 3 is 1799.225, and target 4 is 1847.327.
One hour, three hours, and daily trends are bullish.
On the weekly charts, 1745 appears to be a significant support level. The last 112 days have seen a bearish trend, during which time gold has lost -14.25 percent. It appears ready for a bullish rally to 1889. 98
If the current bullish trend with the existing targets is broken, I expect a pullback. The current targets are: target 1 (1747.432), target 2, (1727.26).
If the upward trend continues, target 3 is 1799.225, and target 4 is 1847.327.
One hour, three hours, and daily trends are bullish.
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