Gold is moving inside of a gann fan and i see bullish flag for gold which has a target of 1650 also there is a hidden divergence at macd histogram on weekly chart for gold.
It can make small corrections at resistances but i expect more bullish move in next weeks for gold. Especially nowadays there is a tension between USA and Iran. This will affect the markets in a fundamental way and more invest can come to gold in future days.
Profit Targets:
1650(Bull Flag Target)
1779(next Gann Fan Resistance)
Stop loss:
1440
It can make small corrections at resistances but i expect more bullish move in next weeks for gold. Especially nowadays there is a tension between USA and Iran. This will affect the markets in a fundamental way and more invest can come to gold in future days.
Profit Targets:
1650(Bull Flag Target)
1779(next Gann Fan Resistance)
Stop loss:
1440