Gold is very bullish. A recovery in the price of Gold was quickened by the risk-off sentiment which prevailed in the markets.
the 1580 -1600 zone is bullish. If the price manages to stay above 1600 watch for 1-2-3 pattern above 1641.In that case the target will be 1652. Above 1652 we should see a retest of 1700 zone. The price needs to stay above 1550 else the trend might change again. At this moment, bulls are fully in control.
Many green pips,
Nenad Kerkez aka Tarantula FX