Since gold broke $ 1,140 an ounce and lack of buyer on $ 1,080 , I expect that gold reach the 0.618 retracement of the entire $ 250 / $ 1920 leg. From the perspective of Gann, if transforms prices and duration in degrees, this is what i find: $ 1920 -> 104 ° $ 890 -> 105 ° To keep time in same degrees, we need 1431 days (calendar days) 1431 days ->...
Gold reaches the 2014 low and must react on it. The 2013 support of 1180$ has been broken and a retest of this level can occur in the next few weeks and act as a strong resistance. In harmonic pattern, gold has completed a nice Shark Bullish and i'm looking for a PA to reach the next bearish Pattern : 5-0 pattern @1182$. If time is respected, i expect that gold...
Buy 1170$ support Zone. Cypher Bullish pattern. Expect a fast rally up to 1215$ (first days of july) for a bearish Gartley Pattern then drop to 1050 target zone for september
Convergence bullish patterns between 16$ and 15.80 TP1 : 17$ Stop below 15.6$
Shark Bearish pattern @1228$ Drop to 1210, 5-0 Bullish Pattern. Invalidation daily close below 1193$.
Gartley Bullish (0.57 / 0.382 / 0.707) + inner AB=CD in the last LEG