It has been trading within a triangle ever since it activated a Bearish Alt Bat. Above $1735 the triangle breakout suggest $1785 which is the 2nd target of a Bullish Dragon. As per Ichimoku study, the momentum for upside has a decent probability to start tomorrow. It should be noted that triangle breakouts tend to be the last of a trend, this could turn out to be...
GOLD had a sharp sell off like equities in the 1st week of March due to Central Banks across the globe pumping liquidity and reducing rates. Besides the domino principle of one pulling the other (losses in equities globally being cleared via unwinding of long gold positions) as one asset manages the other in a systematic risk environment.
Current set up suggest...
