Gold hit the 50% retracement from the December 15 2016 and the 78.6% retracement from Janusry 27, 2017. We are looking for test of the February 27 2017 high at 1264.9.
The bullish key reversal on the daily was strong movement so unless we see change in direction the trend is UP.
As for 3/22 it was another up day that included a push above 1,248. We are looking for a push to the $1,265 area to see if we are then in a confirmed ABC up or it fails and needs more energy to continue higher. Further resistance will be at $1,335.
With the Yen pushing higher today outside of the Asia open I am expecting Gold to continue higher for 3/23/17.
