Gold just bounced off 1680 double bottom. Coupled with breaking the resistance level at 1744, we could see some strong bullish moves to break upwards, and out of the bullish flag on D1.
Any break and close below 1730 invalidates the idea (Means a SL to us). Let's go to the moon!
Gold rose from 1680 lows to hit 1750's. Price has since retraced to 1705 zone, which is also 61.8% Fib retracement. Expecting a move back up to the upper trendline.
Also bullish flag on D1 timeframe. Looking for a break in the course of the year.
Gold formed double top @ 1930 level, and shown good reaction in yesterdays market.
Double top is a reliable pattern. Expecting drop towards 1890, 1870, 1855 levels.
US elections will move markets strongly. Manage your risk.