Following the impulsive movement up since the March 23rd low, the chart formed an expanding flat which is followed by another smaller expanding flat. The longer the build up, the bigger the potential down the track. Usually a bigger impulse (after the flat) followed by consolidation is more desirable. If you look further back at the market structure, this ticker...
the chart going up slowly the buyers ready to buy gold the sellers now have no big power
we have 7 red candle together if you wanna buy wait for it
Gold broke its previous resistance and move higher. And we could find that there are tons of resistances ahead of current level. RSI and MACD are overbrought. So i think we need a healthy correction very soon.
My opinion: Long towards 1550 I expect a correction before further growth