As you guys can see in my chart we are currently seeing an ABC pattern on the daily time frame. Okay, I do know and fully understand gold is pushing up currently and that is why 86-88 are key levels to break in order to turn this into Bullish and ride all the way back to the 1500s. Long term I'm thinking Bullish and Short term I see Bearish going back to the low 1470s.
Comment:
Gold rallied today towards 1485 but still hasn't broken the resistance at 1486-1487; bears still have some hope for a pullback.