Unless a trend ending top formation like in 1980 or 2011 forms on the monthly chart, it should be hold. Since there is no top formation right now, let me comment on the daily chart. Right now, all conditions support gold, so it cannot make deep corrections. It may follow the same path again that it followed after the fibo78 rejection in the previous process...
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#GOLD $GLD
Unless a trend ending top formation like in 1980 or 2011 forms on the monthly chart, it should be hold. Since there is no top formation right now, let me comment on the daily chart. Right now, all conditions support gold, so it cannot make deep corrections. It may follow the same path again that it followed after the fibo78 rejection in the previous process...