With the breakout in gold taking flight again, I think we move up to the 38.2% Fibo number via an AB=CD pattern. TSI is just crossing higher, RSI can stay overbought for a while.
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Gold is consolidating into a bull flag. I could see it going as low as 1165 with no damage. You'll notice the previous drawdown also dropped to the 50% fibo before moving higher. I expect the same.
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Plan following through. Looks good for continued higher prices this week.
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GOLD, still on track. Looking more and more like $1204 is the target. See the 3 drive to a top pattern laid out, almost perfect symmetry.
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More compelling information? Maybe! Look at the run from low to high the 1st time, now expand it to 1.618%, that equals the 2nd high. Now take the 2nd run up and expand it to 1.618% that comes in real close to my $1204 target at $1208. Things are very symmetrical.
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Gold going as planned. pullback in progress after hitting 1206 today
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The plan is coming together nicely. Look now for a tag of the upper trend line for a top. Amazing symmetry
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Looking at the US Dollar, this would be a good support zone. Maybe another buying opportunity coming soon for GOLD.
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I suspect we get another push down in Gold, perhaps to the 1180 area, Bear Flag forming on the 2 hr chart.
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GOLD Double top? Hopefully we get a move higher and degate this Today. Just be careful. Stops
Trade stängt: målet nått:
Closed all my miners on the double top in Gold, Sold Yesterday morning.