Since the strong bullish candle on the 3rd of April, which ultimately took us out of that bullish pennant, price well over the strong psychological 2000 level of resistance, all the way to around 2050 before retracing back to around the same area of 1969-70. However, based on my analysis and what the RSI is showing me, the same pennant is being formed on the RSI which can indicate a continuation to the upside. My target is still ATH (all time high) and even further around 2100 as long as we stay above 1950 for now.
Trade active
Previous analysis can be seen here 
Note
Gold seems to wanna drop to next support. If 1967 breaks then it's probably to reach around 1940. I'm going to watch it closely but the short term looks bearish. I still maintain a bullish view long term.Note
Very interesting price action!!! The trend is your friend.Trade active
Gold doing exactly what I thought it would...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.