Weekly and Daily Gold: Update and near term target
After I posted 2 months ago another correction occurred but I suspect that is now likely over. The near target has not changed much and now is at around 1400 . You can see there is strong overhead resistance at this point as well as the level of the upper channel line on the weekly chart. I think at about this level there may well be a significant correction as there is still a strong negative reversal in the weekly RSI .
Process this through your own approach. Feedback appreciated.