theres a fair few technical commentators very bullish on gold resuming uptrend.. the miners arent ripping it up on the dancefloor just yet... I still think the most likely scenario is for gold to stay in consolidation mode for another month or 2.
it could well break out from here, but my gut says no.. the high of 2 days was a backtest of the breakdown line in my opinion i'm still leaning towards a most probable bottom at 2200 2nd most likely 2150 break out from here 3rd most likely
XAUUSD daily
BCN Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
