Gold overall looks to be a buy, but i believe before that there will be possible sell forecasts to look into in which would drop to around 1794.5 (within that region). In my opinion from there it is a strong buy to firstly 1817 then to 1845/1855 level which you could take profit.
This is a possible revision from my last gold forecast, at the moment I'm short in gold and currently waiting, i believe this more on the short side but it is still potentially possible that the market could go bullish due to the new variant or the Dollar strength such as economic news. please be aware this is not a signal this is an idea, take this with a grain...
It may be possible that a pullback/retracement to the following level underlined in grey could be reached, not guaranteed take this with caution, just giving out my thoughts for fun :) OANDA:XAUUSD
I believe around the 1800 area (possible wick) there will be a short to the next level down at 1750. i used fibonacci and some other forms of analysis, maybe i am right?
