COMEX:GC1!   Gold Futures
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Daily chart is showing that bears are exhausting as well. Price took a dip down in mid August after a bearish (50, 200) ABCD pattern completed.

The retracement should stop at either 50, 61.8 or 78.6 fibonacci levels, forming a bigger ABCD pattern , which should take price right out of the triangle.

Two leading indicators are giving a buy signal, while MACD is losing momentum after completing a bottom half-circle, price should move up from here anytime soon.

Place stop losses under the 78.6% level, or under the triangle lower trendline .

You should either take long on a bullish candle, when price cross point B @ $1423, or on the triangle breakout. I would wait for the FOMC meeting to assess and make a proper decision.

You have plenty of scenarios to choose to go long from, measure your own risk and reward and take positions wisely.
if gold need to hit anywhere near the 2000 mark then DXY need to breakdown, are you expecting a break down in DXY and if so then GBPUSD should shoot to moon?
RedStaR kamukak
Based on the monthly chart, the giant AB=CD takes one step every two years. The 2000-2200 mark is not expected before sometime around mid 2015.

Looking at the monthly chart, Gold definitely took a big hit in 2013 after last September's QE. And with a taper around the corner, looks like it's time to buy the dip.

This is one of my favorite breakout patterns, a symmetrical triangle, and it's currently approaching it's peak, so keep an eye on price breakouts. Usually it's a continuation pattern, so in this instance, the uptrend looks to continue after breakout.

The price dip from earlier this month completed a 61.8% retracement starting from 2009-2011 and correcting in 2011-2013. The lower red trendline will act as a support line, and should not be broken at anytime soon.

The 3 leading indicators have never dipped this low in oversold territory since the year 2000, it should be a good signal to buy. A bullish trigger to watch for is wait for RSI(9) to cross 50, but a triangle breakout will most likely occur sooner.
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