If you look closer on Gold on weekly time-frame you could see that this asset is very fixed in Fibonacci Grid. If you ask my opinion which Technical analysis method is preferable in Gold's moves analytics I would recommend Fibonacci although MAs and Harmonic patterns are also good with it.
If you follow my ideas you know that I am strong Bull in EURNZD. I have had loses because of it recently however I still do believe in it's HUGE rising potential.
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling...