GOLD breaking ATH and come back...

GOLD did not decisively break through support, set in the previous analysis, but instead broke through resistance, which pushed the price to ATH. From there, gold immediately turned back - it is still too far from TENKAN W1 and MN1 - showing great weakness and preparing for declines or continuation of consolidation.

Currently, the price has stopped at support, so it is worth assuming that there may be another attack on the top or consolidation.

Breaking through support and the lows at $1975/oz, will mean an attack on KIJUN W1 and TENKAN/KIJUN MN1 ($1900-1840/oz).

A minor confirmation of declines will be a breakthrough of KIJUN D1 (2016 $/oz).

Comment:

It seems like GOLD find path and breakthrough SUPPORT. Now, the only problem are bottoms from 1970-1980. NEXT TARGET IS KIJUN W1.

Comment:

GOLD is touching 1970-1980 bottoms and can now pull up for a correction.