Gold has hit a MAJOR level with a possible REVERSAL to the upside due to its current position in a DAILY Consolidation. With its DAILY Engulfing Candle I am looking for a break and retest for 1476.00 to the Downside for a BEARISH Position targeted at 1448.80 on the DAILY Swing.
Plan B: With Gold being over extended and a possible move to upside, won't start looking for Bullish Positions until the break and retest of 1494.34.....