Consistent HL's + A Bullish Triangle Break giving signals of a strong medium term up trend. Next Level Target 0.9300
4 Hour Candle close above the channel will lead us into 195.00/196.00
Long Trades on the break of the counter trend line. 1.1600 Expected
After failing twice at the 1221 handle it is clear that gold is more in consolidation than a trend change. We have an X-E wave pattern guiding this consolidation and a break of this triangle is expect. We would see Gold move back to yearly lows 1146 and potentially head down toward 1074.
After failing several attempts at the 1.1000 handle price is indicating another leg down, Overall target 1.000
After a mojpr rally we have consildated for almost a 2 week period into an X-E triangle. Market looking to bounce of the E - wave and head back into 100.