1740 bottom ?
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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.
Nota
this week bullish targets are 1821,1856,1876Nota
gold has shown strength, building momentum will explode upwards soonNota
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.Nota
It seems to me today that last chance for 1740 has passed, in next 2 weeks I expect either range or bullish behavior.Nota
gold will probably break 1800 lvl in next10 hoursNota
I expect that week will start with a gap.
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