GOLD has been making consolidation and made correction flag pattern (ABCDE).
I consider around $1760 GOLD will get new base support for go long then.
GOLD still bullish as above MA100 in weekly time frame.
A huge stimulus as waiting for GOLD will hit the highest all the time $2185-$2243
GOLD last night was making higher high in $1952 since two months ago but need more little time to be confirmed that will making hit the highest 5th wave ($2185-$2243)
If $1952 doesnt break tonight so GOLD confirm to slip first maybe around $1910_1920 and then go rise to hit $1952 for making DOUBLE...
GOLD will dip to $1849 if it doesnt break GOLD will make double bottom with previous touched.
If breakable GOLD will dip to $1824 and this is supoort very strong in fibonacci 61.8.
And then obviously GOLD still bullish and should finishing touch 5th (final) impulsive wave within range $2185-$2243.
GU will dipping to around 1.27800-1.27000 for making double bottom pattern also finished intermediate 4th wave and then rise go to intermediate 5th wave also called primary 4th wave around 1.34800-1.35000 for making double top pattern in daily time frame.
The time will prove it.
Gold needs 80-85 days within next week to finish 4th wave that around $1873-$1849 will be touched for making double bottom pattern in daily time frame as mostly 4th wave Elliot Wave characteristic.
Then gold will go to 5th wave and making a new hit history probably around $2185-$2243 .
Only time will prove.
On my own technical predict that I combined used the copy of previuos candles year 2011 and fibonacci retracement and also elliot wave so GOLD will be hit the newest high $2185 within first November after US election.
And then it will set up for the highest all the history $2326 (fibo level -61.8)...
Gold has been finished consolidation period that it was breakout yesterday and then going to 5th wave (final wave) so gold can hit highest all the time $2185 .
But gold shall be through consistanly and break resistant in range $1961-1979.
My own suggest :
Buy on Weakness around $1920-1910
SL below $1980