#GOLD XAUUSD
Hit 1340$,Acording the previous hipothesis and well, it will continue the the bullish trend.
Based in Weekly and monthly charts , the demand can be increased till $1381 & $1390$ ( Monthly Supply Area)
We need *see some demand area @ $1340.50 if the bulls show strengh this week, and it is VERY PROBABLE cause the confidence are increasing. just look...
This chart shows overall gold trend and has resistance and support levels that I believe it'll be hitting on it's way higher. $1595 by 2nd to 3rd quarter 2017.
After forming a first down impulsive movement, the price has formed an expanded flat.
You can discard other kind of counts like a zigzag in the first part of the decline because after it's bullish rebound the price descended in a zigzag fashion pattern and there after the price get new highs from the last lows.
After initial pullback that could be deep, this...
