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UPON ANALYZING GOLD OVER ALL TRENDI IS BULLISH DUE TO SEVERAL FACTORS
1 - GEO POLITICAL SITUATION
2- BANKS DEMANDS FOR GOLD
3- INFLATION ISSUES IN US
4- JAPAN CURRENCY DEVALUING ISSUE
5 BRICS
6 -INFALTONUN CERTANITY
SMART MONEY HATES UNCENRTANITY , SO THEY ARE BUYING ALOT OF IT
OVER ALL GOLD IS BULLSIH IN YEARLY / MONTHLY /WEEKLY CHARTS ( FOR NOW)
FOR Now gold is moving in 4 H desecnding channel once it Reaches 2215 - 2225 Area we may see rejection from there . in case if its Flip the Area we may see possible up side Even new All time highs too
The down side area 2225 - 2240 we have yearly V WAP Area there as well
The projected path of that is shown in chart Even
Alot of confluences at that area as POI for trade
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"REGARDS DECRYPTERS"