The gold charts have been fully reviewed. In general, the situation is pretty simple.
The commodity price is retracing downwards in the borders of a larger pattern. The descent is expected to continue until the end of next week.
Meanwhile, the rate recently encountered the lower trend line of the channel down pattern that is guiding it. Due to that reason it has found strength for a short term surge. Most likely the surge will reach for the 1.241.40 level, where a pivot point is located at
