Gold has retraced under the 200d MA and had an attempt to break out of the down trend but failed, I see the long term path of least resistance based off a monthly chart is higher and it looks like its forming a cup n handle chart pattern into the two demand zones I have highlighted.
I'll be looking for longs trading off monthly closes, invalidation is sub $1450 of this trade.
I'll be looking for longs trading off monthly closes, invalidation is sub $1450 of this trade.