Gold price is testing the daily resistance (R1) and price did not breakout this pivot resistance on daily ,we have seen a massive bull run on gold so we can consider following case for short to mid term from here :
Short-Term :there's a likelihood of a short-term pullback or consolidation (Don't take this as a sell call from me , I am still holding all my buy trades and will add on pullback). This would be a healthy (Yes and this will be a normal correction if it happen) move after a strong uptrend, allowing the market to digest gains. Watch for support at the green trendline and at the previous ATH. Mid-Term: The strong volume during this uptrend suggests that there's still significant interest in buying gold ,so overall market structure and trend is bullish and we can re-buy from lower levels after a good confirmation.
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