Current view on GOLD - that's how I think it will continue

Updated

My current assessment of GOLD - that's how I think it will continue. The chart says it all.
This is just to share my current view. It is not a trade recommendation. Always use your own mind to decide for yourself.
Take care.

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Update 20-Apr-2019: A possibility

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My advice for Gold outlook short-term would be to watch tradingview.com/chart/?symbol=FX_IDC:USDCNY very closely.
If USD goes under 6.7 CNY, Gold will take off. Just my opinion.

So far, the fact that Gold did not go significantly below the $1275 mark was, in my view, very important, and testified to several strong long-term supports that exist on this level.
IMHO, should it want to test $1255 short-term again, it will most likely rebound. And once it rises above $1288-$1290 it will just take off and fly so fast you can not look. Because: Wave 2, which started on February 20, would be completed - Wave 3 commences...

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Attention! USD/CNY seems to be rolling over.
The last time this happened was in August 2018 after which the Gold price surged.

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Gold is taking its time. That's ok, after all it's Gold, not something else.
Strong upward trend is unbroken. Maybe just one more correction before taking off:

Possible targets:

Short-term: $1,305
Mid-term: $1,341
Long-term: $1,445

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Short-term target $1,305 reached:

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ADX shows the presence of a strong uptrend

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Gold price has been transforming in a way that is highly interesting.
What is the next target? $1,640 then on to $2,000?

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