THE MONTHLY TREND IS UP. Gold is in a correction to the 1811 megasupport line ... after which, I see it should have a boost.
Based on the trend, I have already opened a position at 1.78099 I have a trial stop of 1297p and a take profit at 1.73182. On this move, I see a return in the liquidity zone of 1.77123, after which it will follow its descent to take profit.
The daily trend is in a bear market, this is a correction taking into account the fundamental.
Buy from the drend line, tp in historically resistance.
The gold forms a bulish flag and has an area around 1835 that it does not break easily.
Dailey trend is down & pricee hits a major resistance.
