Monthly chart: there are no changes. Index keeps going up and ADX keeps ignoring that. Considering long-term highs it is getting harder and harder to move up.
Weekly chart: sharp upper envelope breakout and as sharp pinbar stop confirms that there are difficulties on bullish way. We expect a rollback towards middle Bollinger band (2174.0)
Daily chart: indicators ADX/RSI move in the opposite directions, that means that touch of upper Bollinger band (2296.8) is possible. Later the price is likely to decline towards 2239.6
Core scenario - rise towards 2296.8 and later decline towards 2239.6
Alternative scenario - direct decline towards 2174.0
1. Bulls might buy towards 2296.8
2. Bears might sell from 2296.8
Monthly chart: ADX questions bulls ability to touch upper Bollinger band (66.80)
Weekly chart: the week closed with bullish inside bar, but without downswing the stop is too big for buying from current levels. So consider correction towards middle Bollinger band (49.08)
Daily chart: localized support level is much higher - on 53.48 level (middle Bollinger band). Growth towards upper band (58.74) is possible. Well, it is worth a shot.
Expectations: growth from current levels towards 58.74
Solutions: buy towards 58.74 with stops in 53.45.
Monthly chart: almost nothing prevents gold from declining further towards 1026.03 (lower Bollinger band). ADX is in trend state, so such movement can be possible on the fragile New Year market.
Weekly chart: local support level is 1082.24, here we can see possible demand in the framework of bullish Over&Under pattern
Daily chart: we might see technical correction towards middle Bollinger band (1159.38), later a new decline towards support level 1119.36 is possible
Expectations: we expect rollback to 1159.38 and later decline towards 1119.36 (with a further target in 1082.24).
Solutions: sell after the pair touches 1159.38 towards 1119.36 and 1082.24.