The weekly hasn't confirmed yet but I anticipate confirmation by next week.
Stops should be below 1235, give it some breathing room!
Rgmov is plotting fresh new highs, a sign of strength, and we're sitting above the uptrend mode, so it's logical to expect continuation. Notice how price held support at the options expiration key on March 28th, we're now breaking the recent and expanding daily range, very strong price action, backed by the prospect of no further rate hikes by the Fed until June (IF they even hike rates).
Note that last week, commercial traders where heavily short gold , if they unwind shorts this week we might see a strong rally.
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Weekly uptrend confirmed, it's ON!
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