I see gold is trading in this range and I believe in three criteria here.
1. The trendlines gold has been following its seems like it's been respecting it
2. After the major rally we had on Friday, I believe we are due for a pullback
3. Their is a resistance where I have marked out
Let me know any sort of opinions you guys have
Gold has broken the uptrend through idling so I believe this will be dropping in the coming week. I also see the RSI is over 75 which gives me another idea of gold reaching 18000$ area in the coming few weeks. I would appreciate any feed back!
