So i'm not really a gold bug or a gold bear but I will say from looking at these two charts that I do see many bullish indicators. On the right side is the one week chart and on the left is the two week chart and the asset does seem to be trending targets on both time frames so we can look at both to get an overall picture. It has tagged the 200 MA in both charts as you can see (the black line indicates the 200 MA on the one month chart).
The weekly chart does look bullish indeed and the two week chart yes but it is a bit concerning the way the 200 MA is looking like it will rise and then fall creating a fairly choppy situation. Weighing both charts I would say we could potentially be looking at a bullish play to perhaps the 1500 1600 or even 1700 area but after that it becomes less clear and we will need to see the wave structure play out a bit more before we can see further into the story to see future chapters and how that one month baseline average will come into play.
The weekly chart does look bullish indeed and the two week chart yes but it is a bit concerning the way the 200 MA is looking like it will rise and then fall creating a fairly choppy situation. Weighing both charts I would say we could potentially be looking at a bullish play to perhaps the 1500 1600 or even 1700 area but after that it becomes less clear and we will need to see the wave structure play out a bit more before we can see further into the story to see future chapters and how that one month baseline average will come into play.