Gold update on 12H / two weeks forecast & possible price action

Dear traders and followers,

the Gold price moves within a triangle pattern which has been build after a strong up rally.

We have analysed two possible price movements.

1. The price opens near Friday close price and starts a small down movement until Tuesday midday without breaking and closing under the 1920 $ area --> this is a buy signal with target at 1965 $ by the end of the week.

2. The price starts with a downward gap and moves pretty fast under 1900 $ --> this is an sell signal --> end of correction move is at 1815 $ (new idea will be published in this case)

Indicators on higher time frame (RSI & MACD on weekly and monthly chart) looking pretty bearish and showing incoming price correction. This could confirm the possible price move number 2.

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