Gold is in bull channel, however it has reached 50% of channel where you can find resistance and support, if breakout + and full gold power, we are looking for TG 1380 to 1450 by the the first week of May,
However a last rejection may occur getting bear targets 1210 -1205, then we can go full bull !
You be your own judge !
Comment
Now that we have reached sub channel (50% retrace) we may find some retracement or a bear breakout cheers
Comment
For your consideration keep an eye on EMA 200 and EMA 400
Comment
We have touched EMA 200 now, this is strong resistance, once price breaks and closes above EMA 200 we may see gold going for Yearly resistance otherwise, price will suffer a major pullback enjoy!
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