Gold: There could'nt be a more classical chart !

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After Brexit breakout it seems to be clear that a distribution to the 1100-1140 range is quite unlikely. From the classical Wykhoff Theory/Praxis we need to assume a correction back to the PS Region. But pay attention to BOJ Decisions that need to be expected soon. Even before next BOJ Meeting. JY correlates to Gold             and Miners and a action of BOJ may push Gold             back to SC             Region!! On completion of this Pattern by breaking the blue resistance line after the correction I am expecting now the mid-term Target before next major correction will be in the Range of 1900 XDR (currently in the Range of 2600 USD).
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