1740 bottom ?

Updated

I expect triple bottom. In second half of July big bullish advance to last year high and beyond. This scenario would be invalidated if RSI trendline long-term support on 1Y chart break.

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this week bullish targets are 1821,1856,1876

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gold has shown strength, building momentum will explode upwards soon

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In this time of year gold is extremely bullish, any stronger upward perturbation can turn into a breakout and momentum keeps building. Support zone 1740-1770 seems stable for a week and main trend is up. Like it is on a break to test resistances 1800-1900. I my opinion it will surpass them in next 3 weeks.

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It seems to me today that last chance for 1740 has passed, in next 2 weeks I expect either range or bullish behavior.

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gold will probably break 1800 lvl in next10 hours

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I expect that week will start with a gap.

vanirof

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