Long Term Rounding Bottom for Gold?

TVC:GOLD   CFDs on Gold (US$ / OZ)
79 0
Through the use of the arc function, Gold shows a very nice rounding bottom, with key "touches" on the arc (a bending trendline if you will).
I see two necklines. A measured move from the bottom of arc to neckline extended up (via a breakout) takes us virtually to the upper neckline.
It's measured move (again from the bottom of the arc) would extend up well beyond the upper reading of this chart. I know many are looking
for another drop in Gold (and they may be correct), but from this chart's standpoint, we are coming off of a recent "trendline" touch now, and
would anticipate continuing to move up to test prior highs. At least, that's how I interpret it.

You might note several harmonics that did a great job of picking off the ends of various corrective moves against the apparent trend as we rounded
the bottom in Gold and started up. I currently have several AB=CD measures indicating a move to the 1260 area (smaller time frame, not shown on this chart.)

As always, comments welcome.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out