On the chart, we have divergences on the lines, histogram and . They all point to higher prices, but they have been pointing to higher prices at the beginning of the year also. They did rally, but not enough to signal a trend change.
Look at the anatomy of the current leg down. It took much more time to complete. Long legs are not very , but the divergence is still there, so it is still .
For the coming months I expect to see Gold priced higher. For the next couple of weeks, I would love to see a daily re-test of 1177 - 1200$. I would take a position over there.