This may well be the case if the 1685 Support holds once again as it has done since June 2020. Price is currently approaching multi year lows and may be seen as underpriced which would bring some bullish action. There is also an emerging Bat Harmonic pattern forming and point C is just a few pips above 1685.
If this confluence holds, I expect a strong rally on Gold, perhaps for around 2,000 pips
If this confluence holds, I expect a strong rally on Gold, perhaps for around 2,000 pips