looking at the chart and price action combining fundamentals together I see gold could almost reach near to life high ( no where i say it will make a life high) IN NEXT 1 AND HALF YEAR ( 18 months) time period
Gold Gave a beautiful bull Pennant breakout a few days back and Currently in the consolidation mode. Theoretically, it should repeat the similar move(which it gave from 1275-1425) after this consolidation which will probably lead it toward 1520-1550 range.
15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend.
The RSI bounced from the support #1 at 48 and it prevented price from more losses.
A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected.
SPOT GOLD IN BUY ZONE, Bearish below 1422 with 1406 and 13921 as price target, Bullish over 1422 with 1437.5 and 1453.25 as price target, if you like our view please share with your friends and relative who trade