Gold has been very bullish for quite some time and we’re looking to continue with that trend.
At the current level price action has formed a large descending triangle pattern. At the moment we’re waiting for a break and retest of the pattern with a confirmed higher low to enter on. Look to target toward the prior high and negative fib levels.
If we see a break to the downside below 1925.00 we will re-analyze and look for structure formation at deeper fib levels.