The yellow metal is in the bullish Elliot wave pattern, if it breaks above 1156 that is very likely to happen in this week or in the next. If it fails to breakout the triangle then i will look for the other scenario. But for now i will buy the breakout at 1156.
A break below 1110 and 1095 can call for more deeper losses for the metal.
A break below 1110 and 1095 can call for more deeper losses for the metal.