Next week, I'm expected gold drop to 1195$. Then Buy at this point. We have a nice trendline (in purple) acting well as S/R. In january, gold crossed over it, but crossed down in february, false signal. This week, gold closed above it, and above MA20 Daily. Very speculative, but gold can reach the long term bearish trendline to complete a bearish butterfly @1480$
If monthly close below 1240$ => Theorical Target from this continuation bearish triangle = 970$
The last weekly candle is bullish !! Not a good time to sell stock markets. Prices bounced on the green monthly trendline (with a daily shark pattern) I'm expecting a last rally till mid-2015 to complete this butterfly bearish pattern (include a weekly AB=CD pattern 0.707/1.417 started on february)
Not available on trading view, but volume has increased with a breaking action of this triangle on september. Here, the 1235/1240$ zone is a likely pullback for going short First target 1180$, next 1050$
Don't expect large move before FOMC. Sell 1241, TP 1229 to Cypher Bullish Pattern
Shark Bullish pattern completed. Looking for a 5-0 bearish pattern @1285$ with a nice confluence price of the 0.618 AB leg in red. Maybe reached post FOMC
Use the 1.13 failed wave extension described by Scott M. Carney
Butterfly Bullish + AB=CD for the last CD Leg. I'm expecting a last rally till end of year to 1450$. In a weekly chart, we can see a likely bearish flag.
A shark bearish is active and expect a pullback to 20.35$ for this pattern to go long.
121 Bearish AB=CD Bearish. Resistance is here ! Above, it'll be a a highway to 1500+