GOLD did not make a new high (1300) last week but start to drop down again from 1295 .
On this daily chart, there are three possibilites for gold to go with .
The purple harmonic potential D is the weakest one on current scenario. On the plan, gold will retest 1160 again for the coming one season.
The light blue one is also possible if gold would not stop dropping and break the potential blue channel, it will drop down the blue support zone up to $30 to reach 1250 again.
The blue one is the with high possibility for current scenario. Gold is only pull down for a correction ,it will finally break 1300 and reach 1350 again.
Less is more!
On this daily chart, there are three possibilites for gold to go with .
The purple harmonic potential D is the weakest one on current scenario. On the plan, gold will retest 1160 again for the coming one season.
The light blue one is also possible if gold would not stop dropping and break the potential blue channel, it will drop down the blue support zone up to $30 to reach 1250 again.
The blue one is the with high possibility for current scenario. Gold is only pull down for a correction ,it will finally break 1300 and reach 1350 again.
Less is more!
