The Gold is showing a moderate uptrend. We can see a bullish SHS rejecting the price from M H3 camarilla support.
If the price proceeds with a bullish momentum, we might see a good continuation pattern. 1498-1500 is the POC zone and bounce is expected. The first target is 1520 – W H3 camarilla/ Wizz 3 confluence. A 4h close above and 1537 is next. In addition to bullish SHS we can also see a cup with the handle bullish pattern. For this scenario to remain valid, the price must stay above 1487 – weekly L3 camarilla.
