Wave Analysis

Gold is anticipated to be bearish on the short run just to finish the pull back (2) [in yellow] after the motive wave (1) [in yellow]. After that, Gold will continue up in a motive wave (3) [in yellow] targeting 2700 USD.

The other scenario is that Gold has finished the pull back (2) [in yellow] at about 1885 USD and has started wave (3) [in yellow] already. If so, gold has finished the first wave of wave (3) and will pull back in the second wave of wave (3).