I speculate that 1445-1429 area on gold represents a significant support/demand area because of the pattern (drop-base-rally). Price is expected to come into the area and trade for a bit before a move to the upside targeting 1520 and probably higher.
Note
Price is now trading significantly higher after weeks trying to take out the supply level around $1480. $1520 is still the target but correction is possible before we get up to that level.
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