We may see a bull run towards 1764 or may be more than that
This Idea is not a trading suggestion. it is just my point of view
Gold has broken previous low 1458.97 and made new low 1456.12 I told my last post on gold, I will look for a Buy even it breaks 1458.97 Now I am expecting it to go at least 1515 It may break 1556.88 and come down for Bigger C, but it is too early to tell that story
I am looking for ABC move and waiting for Buy setup even it breaks 1.30159 If market gives a good buy setup I am expeting it to break 1.33825 or at least 1.3290 Sharp moves to the down side will change the structure slightly.
We may see a break below 1458.23 before it goes up to 1519.50 If price do so than we sould again look for sell setup and continue sell till it hits 1430 or lower Currently looking for a sell setup (a simple bear flag) to the downside towards 1460 or break of 1458.23