Gold is getting closer and closer to a potential larger break-out. The 44-45 day fractal is getting closer to completion and a close above or at 1578 would lead to further confirmation that the upside momentum has swung to the upside.
Gold continues to find support and buyers at the 1565 level. Only a US daily close below 1560 could indicate (confirm) further downside and a complete reversal of the larger technical pattern.
Watch for a potential bullish reversal to the upside somewhere between Feb 14 to Feb 20.
SL's should be kept to roughly 1558.
- zSplit
Gold continues to find support and buyers at the 1565 level. Only a US daily close below 1560 could indicate (confirm) further downside and a complete reversal of the larger technical pattern.
Watch for a potential bullish reversal to the upside somewhere between Feb 14 to Feb 20.
SL's should be kept to roughly 1558.
- zSplit
