pixi
Long

Start bull rally

FX:XAUUSD   Gold Spot / U.S. Dollar
633 3 13
after some hesitation and a very negative view on gold             , It seems that the support of $ 1,047 should be enough to revive gold             rising over the medium term. Above you will find a price projection for the early trading weeks in 2016.
There is some nice confluence prices and a weekly RSI divergence.
Obviously this scenario will be invalidated with any close under $ 1,047.
Harmonic patterns update
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Thanks Pixibug I always look for your charts and comments in the chat. My longer term view is that this is no bear rally but the start of the next gold bull. We'll know if it can get over 1250'ish and hold for any length of time. My worry is what that actually means about the wider global economy/social unrest etc but I only have the power to influence my future, not the world's! Thanks again.
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pixi Finenance
You're welcome Finenance, and i thank you that you're followed my analysis.
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