Gold Chart Price Targets (notes) $XAUUSD $GLD $GC_F $NUGT $DUST

Gold chart with most plausible price scenarios to July 14 2018. MACD turned up maintains 200 MA. $XAUUSD $GLD $GC_F $NUGT $DUST

The Daily Gold chart has MACD currently crossed up and trending upward. This is bullish but multi month sideways price action and lack of price discovery in my opinion leaves the MACD less of a positive than it once would have been considered (historically).

Price needs to maintain level above the 20, 50, 100 and 200 MA and it appears it's going to do that, at least in the short term.

Three scenarios of price trajectory terminating at end of price cycle July 14, 2017 are shown. Lowest at 908.77, then 1206.58 and 1501.08. Path of least resistance is 1206.58 but all three are in play. As trade progresses toward that date a trajectory will increase probability of one of three targets hitting. The diagonal Fibonacci trendlines act as / are considerable resistance and support areas as are the mid quadrant horizontal lines.

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Thanks

Curtis