According to the market structure Gold is forming Cup and Handle pattern, It need to break the neckline to achieve the next target 2514. Structure is bullish on daily timeframe.
Entry Point: 2067
Target: 2514
Estimated Time: 225 days from entry
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80% posible = gold ,gold traders low fibo 161% (as tp) if gold can break upper trendline ,can go to fibo 161%(fibo draw on down move leg for up target)
10% possible = break lower trend line and crash to fibo 161% =1533 (fibo on last up move leg)
advice=we still advice 99% looking for buy,dont pick sell signal but with very low size and SL in low(or day low)...
