Again marveling at the magic of the Gann angle lines. In the video on Sunday, he said that gold, at a key position, has found support and is ready to rebound. Since the 7.17 second test of the key support, the move up has already reached 4.6%.

If this week’s gold can stay above 4060, there is still upside momentum. Next, watch for a breakout of 4303-4333 (the blue pressure zone in Chart 1). If it can hold above that level, then it would rule out the idea that the rebound starting from 3942 is only a small-level pullback targeting the blue segment in Chart 1.

In my subjective view, the rebound level from 3942 is not small. If the subsequent price action is strong, then perhaps even the red pressure zone in Chart 1 could be only a stage pressure rather than the final top of the uptrend. #XAU $XAU ‌