After the 38,2% Fib Correction and the trendline retest, the bull run on gold can continue.

Remember cup of tea/2nd impulse is activated up to 2,500.
บันทึกช่วยจำ
Last week gold performance was quite better than the last months. It held the support trend line and aiming higher.
บันทึกช่วยจำ
In short term we've made a double bottom in 1677$, let's see if it respects it and if it is activated.

That means that if we break 1753$ we will break the downtrend and activate an objective up to 1834$.

This will match our scenario pretty well.

If this doesn't occur, we may see more downtrend until 1568$ at maximum low point. Which in my opinion will be an excellent opportunity to buy.
บันทึกช่วยจำ
Trendlinde respected. We're close to activate that double bottom.
บันทึกช่วยจำ
Double bottom activated, relative behaviour has improved
บันทึกช่วยจำ
Nice behaviour this week. We are looking for 1835$
Trend Analysis

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