Gold gave a 200 pip breakout move from my w/e Flag pattern but, as already mentioned, I’m on the lookout for a pullback to test the key $1,200 level. I’m watching the 30 min charts for any new TC SHORT signal to support a possible move. The US$ index is trying to bounce up from a support trend line and some relief rally with this could develop a pullback move with Gold.
Gold 30 min: watching for any new bearish TC signal for a possible move down to test $1,200:
Gold 30 min Cloud: the metal would need to move below the 30 min Cloud first though:
US$ index daily: due a bit of a bounce up from this support? If so, this could help develop the pullback move on Gold: