Monthly: the bullish movement does not involve a trend charge from ADX, therefore the price is much likely to face resistance around the upper Bollinger band (2169.9)
Weekly: the same picture. Local resistance is around 2128.5. The bullish momentum is strong, so a rebound/continuation of the current trend are equally probable.
Daily chart: the same bullish pressure, but ADX is not in the trend zone, so can another downward correction is possible.
The main scenario - surge to 2169.9
The alternative scenario - a downward correction of the resistance zone 2141.0 in the direction of 2078.4
1. Buy in the direction of 2169.9
2. On weakness around 2141.0 - sell to 2078.4
Monthly: the mid-term decline scenario is fully justified. The goal appears to be the lower Bollinger band (29.11)
Weekly: the two better shaped support lines - 45.22 and 32.98 (the middle and lower Bollinger bands)
Daily chart: Accumulation of the local bearish trend potential that fits into the weekly and monthly scenario. Upon that, another preliminary rollback to the middle band(49.49) is possible.
The main scenario - drop to 45.22
The alternative scenario - a rollback 49.49 and only then drop to 45.22
solutions: look for the downward entry points to 45.22 (the best possible solution - from around 49.49)
Monthly:Gold is determined to start an impulse growth to 1559.02
Weekly: also a trend bullish pressure (although Gold is overbought to a certain extent).
Daily chart: we confirm the possibility of correction, because bulls are moving against the background of corrective ADX. The goal of correction may be in the middle band (1309.98)
The main scenario - surge to 1559.02
The alternative scenario - the price may reach news Highs and then roll back down to 1309.98
solutions: look for the upward entry points from 1309.98 to 1559.02