Gold to 1700?
Monthly Chart analysis:
Gold recently broke out of a Triangle pattern and exploded higher... closing above the 1500$ handle and the 61.8 Fib correction level.
According to this chart, there's a potential that Gold will continue to rise towards 1700$ to complete a bearish Bat pattern (it can suffer some short term correction moves)
This setup support my bearish outlook for USD that recently reached resistance (99.5-100 in DXY)
Gold recently broke out of a Triangle pattern and exploded higher... closing above the 1500$ handle and the 61.8 Fib correction level.
According to this chart, there's a potential that Gold will continue to rise towards 1700$ to complete a bearish Bat pattern (it can suffer some short term correction moves)
This setup support my bearish outlook for USD that recently reached resistance (99.5-100 in DXY)
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