Late stock market cycle (may last longer than you think) is bullish for gold . A weaker U.S dollar may add acceleration to the velocity.
In my opinion, will test previous low of $1.209
If it breaks above previous high ($52.97) a new uptrend will be established. Long term target is between $57 and $69
It looks like bears still in control. A possible target is 1250
Dropping to $ 47.42 would be short term bearish
My analysis: Watch these levels. Breaking any might lead to an explosive move in either direction . Wait for a pullback before entering a trade, especially if it breaks to the downside.
Crude oil has been in a trading range. Slow stochastic oversold .. Upside breakout still in the cards
USD/Cad uptrend channel not violated until it closes below 129959
Has been stuck in a range since the end of last year. Just broke out. A pull back to 53.58 area is expected before continuing higher.
I'm in. Wait for breakout to hold on 15 min. chart