Possible Major breakout or another correction,
Gold is in bull channel, however it has reached 50% of channel where you can find resistance and support, if breakout + and full gold power, we are looking for TG 1380 to 1450 by the the first week of May,
However a last rejection may occur getting bear targets 1210 -1205, then we can go full bull !
You be your own judge !
Gold is in bull channel, however it has reached 50% of channel where you can find resistance and support, if breakout + and full gold power, we are looking for TG 1380 to 1450 by the the first week of May,
However a last rejection may occur getting bear targets 1210 -1205, then we can go full bull !
You be your own judge !
Note
Now that we have reached sub channel (50% retrace) we may find some retracement or a bear breakout cheers Note
For your consideration keep an eye on EMA 200 and EMA 400Note
We have touched EMA 200 now, this is strong resistance, once price breaks and closes above EMA 200 we may see gold going for Yearly resistance otherwise, price will suffer a major pullback Note
I believe major down trend will once again work as resistance, keep an eye s3.amazonaws.com/tradingview/snapshots/r/rjkj65Ic.png
Note
weak bull Shark ready to be filled, expectations on June 14th are great for dollar, so weak gold, keep an eye 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.