Abstractcb

Abstractcb Updated 

I belive that in the next few weeks gold will drop to that 1600 zone. Leave you with this analysis, hope you all a nice week.

Abstractcb

As we see there was a triple bottom retest and break structure of a DownTrend, to form an UpTrend. Possible Retest, to a buy zone.

Abstractcb

Trend change? Double bottom touch, break and test again.

Abstractcb

As you can see at 1.19676 it reach and pull back , like in point 3, we can see that rejected the initial downtrend, which could lead to a big bull in the next few days. I set 2 to take profit at 1.27416 (Tp1) and another at 1.33490 (Tp2), let's see what the next few days will hold,