Gold price pulled back towards $1,066 yesterday as we expected in order to test the short-term Ichimoku cloud support. Only a breakout above $1,084 can give a bullish signal with $1,120 acting as a target.
Black line - resistance
Green line - projection
Gold price is still above the short-term Ichimoku cloud that is now support at $1,060-66. Stochastic is oversold in the short-term. Resistance is seen at $1,083-84. Breaking above it will open the way for the next leg up towards $1,120.