Currently I am playing this as a triangle or flag, whatever you prefer to label it as. I am looking for a triangle with a break up to the upside to fill in the GAP from the first round of French elections.
I am looking it as a GAP + Trend, aiming for 1305 , 1316 and possibly 1320 .
I would of voted for Marine Le Pen myself if I lived in France!
I feel like making a prediction because im home and it's raining and im bored and feeling a bit prophetic.
By 5/30 we are near 1160, enter long June through October.
^^ I am actually short gold at the moment, targets are 1229, 1216, 1206 and 1160
btw I suck with Harmonics I used it just cause it looks pretty ;]
Currently short gold looking for 1228 and 1221 as first targets. I am entertaining the idea of it aiming to test bottom trendline around 1170-1160 up until near June, then long from there to 1300+ for the summer into October. I will post a larger view and time frame soon.
My short was stopped out with a break above the blue line and 1250, currently looking for 1256 a 618 fibo expansion to close this small long and enter short.
The short first target is around 1240
Link to previous chart below.
So I took profit from a long on the previous chart below to 1243 now I entered short, the idea is we are aiming for a 618 fibo around 1220 to 1215 , 1218 is great for me. It's possible we head towards that blue line on the bottom and play a triangle on our way towards summer.
So at the moment I'm long gold it broke the orange channel, to the upside. The purple channel was broken to the downside now to retest that purple channel. 1250-1260 I'm happy with 1250 personally.
I will look to short around 125x