Gold at 2088: Next 2035 or 2175..?

Strong bullish breakout witnessed advance reaching 2088 discounting rising bets on June rate cut by the Federal Reserve and peers. Momentum is over heated in small time frames which may call for some retracement towards breakout zone followed by consolidation phase before resuming uptrend for further ascent. Retest of 2065 is likely. If selling persists, retail profit booking may result in meltdown to 2055-2035 If the metal gathers momentum from value zone, expect rebound to swing high 2088 Strong acceptance above the resistance may begin rally to next leg that targets 2118-2145-2175 All the same, markets will monitor reaction to Fibonacci zone 2065