Price has come down to retest the 38.2% retracement level, a minor consolidation here will attract more buyers, which will lead the rate towards new highs. We had a false breakout above the 23.6% retracement level and above the $1295 per ounce.
Is still trapped within a sideways movement, only a valid breakout from this range will confirm a major increase towards the lower median line (LML) of the ascending pitchfork.
