Buy when breakout trend line and take profit at EPA line.
Buy at EPA line of Bearish Wolfe Wave pattern then take profit at target of ABCD pattern.
Wolfe suggests using the EPA line as a buy signal. When price reaches the EPA line, cover the short position.
Buy gold until $1331 as resistance trend line. Then sell gold as target at support trend line.
The Rising Wedge is a bearish pattern. Short gold when breakout support trend line is a good idea.
Two probably patterns 1. Head & Shoulders : Target #1 at 1108 2. Ascending Broadening Wedge : Target #2 at 1085 If breakout resistance trend line two patterns is invalid.
Bear flag and symmetrical triangle is the same target. The symmetrical triangle usually forms during a trend as a continuation pattern and typically breakout in the direction of the prior trend.
It's a good idea to short gold when breakout trend line.
Sell at point 3 and take profit at target of bear flag.
Percentage meeting price target for down breakouts is 58%.
I buy gold at point 2 around $1243 and will close order at target B . Then I will sell at this point B with target 1.272 Fibonacci Retracement of A2 around $1230.