XAU/USD - OUTLOOK
Price and volumes seem okay for further upside.
Now that all the market is bullish, many will jump to buy gold. Price will go as high as 1776 - 1832. (June)
Once everyone in the market is bullish, whales will start dumping and the fall will continue to as low as 1500-1600 range - probably 1550 (July-August)
Once the .382 fib. retracement happens to 1500-1600, it will be a good time to buy. Then XAU/USD will fly to 2000-2200 zone within 6 months.
Now that all the market is bullish, many will jump to buy gold. Price will go as high as 1776 - 1832. (June)
Once everyone in the market is bullish, whales will start dumping and the fall will continue to as low as 1500-1600 range - probably 1550 (July-August)
Once the .382 fib. retracement happens to 1500-1600, it will be a good time to buy. Then XAU/USD will fly to 2000-2200 zone within 6 months.
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