GOLD is looking for a fresh midterm direction.
If it breaks above 1228 and the zigzag trend line, the first target will be 1232-1234.
We have a bearish alt bat pattern which would be completed at 1232 - 1234.
the first target of the pattern is 1228.
If it can not break below 1228, it is most likely to test 1240 - 1250 region.
We have a butterfly pattern which would be completed at 1245.
We keep our bearish bias midterm.
If it breaks above 1228 and the zigzag trend line, the first target will be 1232-1234.
We have a bearish alt bat pattern which would be completed at 1232 - 1234.
the first target of the pattern is 1228.
If it can not break below 1228, it is most likely to test 1240 - 1250 region.
We have a butterfly pattern which would be completed at 1245.
We keep our bearish bias midterm.
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