The double bottom formation which completed on the 31st of March this year confirmed a reversal and Gold has since regained some of its losses since the latter part of last year and the first half of this year. After a lengthy downtrend in the form of a Bull Flag, price broke structure and followed with a consolidation period. We've seen a higher high form on the first of this month with price starting a pullback and currently sitting on an important support level. Fed meetings this week may dictate a direction for the coming weeks. We need to bear in mind lingering inflation concerns coupled with less of a demand for gold and the increasing popularity of crypto currencies. In line with the Fibonacci retracement on my chart, I would like to see the pullback continue to the 50% level at +-1800 and aim to go long targeting 2000. Many investors are currently mixed on Golds price and a bearish/bullish bias. Therefore it's difficult to say without a doubt how the remainder of this year will play out until there's more certainty.