In relation to my previous idea, I'm still in agreement that the overall outlook is bullish and Gold will rise to 1560 and beyond, however due to the rise of USD and a 50% retracement of Gold's current price, I assume price 'may' break support to find the 1480 usd level before turning around. (May is the operative word).
Kommentera:
Price ended up going bullish at 1492. That area seemed valid for a support, considering that's the low I used for Fib.
