GreekGatsby14

A CASE FOR GOLD'S $1445 TARGET

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
As previously posted, my short term target for gold is $1445 which meets the neckline of an INVERTED H&S PATTERN.

Using the fib speed resistance fan, probably in a way which it is not intended to be used, I lined up the tool's fib trend lines with key peaks and valleys on the weekly chart for gold from the low to the $1445 target. From the chart we can expect gold to reach that target by mid-March, 2018.
Look's interesting and logical, if I do say so myself ... just you "WAIT AND SEE".

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.