Date: 05/03 Again we seem to have found ourselves at a very important junction when it comes to the forward path Gold will take. With the current geo political instability that is going on, Gold began to show upside momentum but the main question still remains - Is this upside push a new rally? Or simply a pullback and prelude to a greater fall? Let's look at both possible scenarios Scenario 1 - As we can see that Gold has been moving in a channel. To play out the bearish side of possibilities Gold's price needs to convincingly break and sustain below this channel. If that happens, we can confirm that the entire rise we saw from the low of 4402 was in fact a corrective rise and our C leg of the correction will take prices down to 4500 - 4200 levels. Even though the overall tone for Gold and all metals is bullish - judging by the price action I am more inclined to believe that this rise is corrective in nature. Scenario 2 - Our bullish scenario is fairly simple. If Gold manage to move pas the top created earlier (5602) then we can be rest assured that our correction in fact did end at 4402 and we are well on our way to targets of 6000+. I would however wait till this level is crossed before taking any bullish positions as I'm not very convinced with the current price action for the bullish scenario. Overall we seem to be in a 'no trade' zone. We must wait before our levels are triggered in order to take a safe and well informed trade. A breakdown of the channel would indicate that one must use all pullbacks to sell for a target of 4500 - 4200. On the other hand, a break above 5602 means we must shift our outlook to "buy the dip" and use every dip to build our long positions for targets of 6000+ Charts below As a trial - I've also tried making this into a analysis video Would love to know which mode do you find easier to understand?