Gold Slowly Approaching Its Mid-Term Target

2 Nis 2018

XAUUSD
https://www.tradingview.com/x/HUnLrLiA/

The target is the black horizontal line @ 1392.324 (i.e. its intersection with trendlines within the yellow oval).
If gold takes this target without first accumulating underneath (as suggested by the chart setup), it will take it years to recover back to these levels, but then it will most likely be a new rally to new highs (corresponding with post 2022 stock market crash).