Gold is set for an impulsive move after last week retest

Gold had been on a clear bullish trend in the last couple of week though major part of last week was a retracement which is normal after a major move,
DANCOLNATION CAPITAL is of the view that a 4Hr bullish engulfing candle formation, the confluence between trendline and the 50/618 Fib region are odds in the favorability of the anticipated bullish move taking the price level to the next at least equal high of highier high with about 240+ pips at $1985 or above per ounce of gold