The trading range is getting narrower and narrower, it seems like gold is brewing for major breakout. The overall technical picture remains bearish, although we have seen some stabilization, in addition to the extreme bearish sentiment which warns for a potential bullish rebound. Accordingly, we turn from bearish to neutral for now, awaiting a confirmation signal.
** Short term (Less than three months)
** Chart is based on GMT+2 timing
Notes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.