We have reached an important region by crossing the line at $1879. Next, the gold price should move downward again. If the gold price remains above $1799 it should keep its bullish orientation and prices of $1951 should be realistic after turning between $1839 - $1823.
Great chart. Bullish as well. But i reckon we Will drop to 1808,6( FiB retacement from 1889 to 1677)It might get bullied to sub 18 on an impulse before We march higher in June.
MarketIntel
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@Aiko89, Good point and also a valid possibility, given that the turnaround comes before $1754... let's see how it unfolds!