Bullish Cypher pattern form on the 4 hour chart.
TP #1 at 38% fib retracement of C-D leg
TP #2 at 61.8% fib retracement of C-D leg
I am not planning to sell at that point anyways. I am still long for years to come.
Bearish Gartley at 78.6% or bearish bat at 88.6% of point D.
Short once we reach 1304 price action.
Note: This is on daily chart. It might take weeks before we reach 1304 or it might just take only few days.
Gold last days had a healthy uptrend . We got a V bottom which broke up.. Then a nice falling wedge which also Broke up. After the news we skyrocket to 1264 area . Now its forming a bullish flag .
TP # 1: 1273
TP #2: 1284
Sl: 1256 Just to be safe because of the rapid uptrend.
I will move my SL higher once we reach new highs.
2 previous descending triangles with projection for gold down to 1206 and 1194 areas. Early bearish flag pattern #1 on the chart suggesting downtrend to 1208. Wait for the break out of the flag pattern and short the breakout of the flag pattern.