- Will not be surprise to see gold prices initially break below the neckline before resuming higher for RHS - Will be invalidated if the sell off took out 1175 - This idea is on the premise that post June or July rate hike gold broke higher and dollar index resumed lower on a wave 5 correction - Also borrow the idea that a risk off event is coming in the next three months June - September - pushing strong safe haven demand - forming the RHS - This idea then borrow from potential end of year rate hike talks or to the extent a severe market correction which resulted in the large sell off - Bear in mind all of this remain speculative but worth watching for the clues