Last time we looked @ Gold long term analysis the pair was trading @ 1698 We expect gold to reverse @ $1680 level & expect another $2000 attempt. However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect. Bearish harmonic formation @ an area of support/resistance on the 1M chart If Gold closes the month of May above $1850 We would expect it to test $1875 followed by a retracement to $1850 before continuing its bullish trend to $1900
But if it fails & respects the bearish harmonic we would expect a test to $1700 before it turns bullish again