OsamaAbouzeid
Short

XAUUSD _ CYPHER PATTERN COMPLETION IN LOWER TIME FRAME

FX:XAUUSD   Gold Spot / U.S. Dollar
READ TEXT WRITTEN IN THE CHART.
Comment: In 15 minutes chart the price break the previous structure and the symmetrical triangle which give Lower Low Lower Close ..... Giving high possibility of the trend to move in the break direction ... waiting for first target !
snapshot
Comment: First target reached @ 1075
Comment: Valid bearish flag pattern
snapshot
Comment: Second target reached
Trade closed: target reached
Hello. how many targets do you have? Do you below we are going back to 46s again by week-end?
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eskgroup eskgroup
*think
Reply
Sorry for late response , my first target was at 1075 and the second one is at 1062 (0.618 Fib retracement for CD leg for Cypher pattern ) , I thank the gold will go down blow 46s to even below 1000 dollar per ounce as per the long term analysis in weekly chart beside the oil price is moving down which will pull the gold price down as well
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