GOLD NEXT POSSIBLE MOVE

The global trend is bullish,The price is inside the Triangle now
Gold is expected to reach 1950 and then it will retrace back to 1985 - 1949 which will be the support line for its journey to 2000 ++.
Technically that is a Buy opportunity towards the #1,980.50 - #1,990.50 zone, but I cannot rule out possibility of a correction. However it all really depends on how the Bond notes and Stock markets trade coming into Monday’s U.S. opening Bell. DX resumed the decline so Long-term Selling sequence towards #1,900’s is postponed for minimum #14 sessions. The U.S.10Y (Bond notes) is at its lowest since September and coupled with Neutral candles on Stock markets, Investors should again relocate capital to safe-havens like Gold . The decline on Usd-Jpy still doesn't affect Gold and if #1,965.80 breaks early on E.U. session (Monday), I may potentially see the bottom of this parabolic Gold run near #1,940.80 which resembles the finishing Bearish leap for current fractal.
All the Entries should be taken only if all the rules of entries are applied.

Chart PatternsGoldgoldtradingTechnical IndicatorsTrend Analysis

Feragatname