Gold: A conservative view to go long.

We can see gold perfectly broken the falling wedge pattern and closed below very important resistance level 1555. Recent rally shows a very positive demand for gold. But analyzing the previous prices to me 1564-1555 zone will work as resistance zone. We can expect some retracement towards 1532 level. A successful break above 1564 level will give us opportunities to the level 1589 or 1590 level.
In case id there is no retracement, still we should wait to see a break above 1564 for perfect entries. Overall gold is in bullish mode.
Safe trading. Also analyze US and IRAN situations because this will have major impact on GOLD.

Regards
Abid Hossain