The correction

If there's a correction price will fall to 1735 then surge again. 

Monthly gold

On monthly gold chart bollinger bands are narrowing. Which is indication of big breakout. This time it's UP.

50%

Ok last retracement was 50% from 1547 - 1798 price range.

Breakout

Long awaited breakout is happening. Weekly stochastics point up and ready to move higher. 

Stochastics pointing up for gold

Bullish

Expected 1710 would be good support and it is. Daily charts are positive again. We will take 1800 this time. 

Weekly stochastics overbought. But look at weekly MACD. It's crossed and pointing up. One tiny little column is above 0 percent. Bull trend is just starting. 

Now monthly chart. Monthly stochastics is pointing up. My prediction is 2100-2300 gold 3-4 months later.