This is possible scenario how the gold will move next. When it comes to harmonic patterns in price action prediction we can see that Bearish Butterfly could fit well. So if B point (1330) holds and C point will be confirmed (either at 38.2 1274 or deeper at 50, 61.8, 78.6 or 88.6 retracement), price could go higher up to 1438. 38.2 is very likely future C point when recent strong bullish moved taken into the account. There is also emerging another eventual harmonic pattern that could be drawn from 2013-08-28 pin bar (not present on this chart).
Comments
sony.rana.127
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nice buddy...
PAGuy
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I couldn't see it hitting 1289, maybe 1290, but anything is possible, watch the charts and play the game.