3 scenario for gold, go to 1769 or 1705 or 1685
there 3 route now
1. bullish trend break out white diagonal resistance it would retest fibo 50% around 1769-1775-1779
2. it would drop to under 1700 = 1686, with target 1853, mid point fibo 50% = 1769 (so 1769 important)
3. or 1700 strong support, the bearish trend stopped at 1705 fibo and go up targetting 1853 with mid point 1779
reason harmonic bearish bat to failed =
1. it drop more than 1686(POINT C) harmonic pattern change to chyper pattern(to 1667) or continue bearish pattern (drop to 1617)
2. it going higher than 1853(POINT D) change into crab pattern targeting 1995$
1. bullish trend break out white diagonal resistance it would retest fibo 50% around 1769-1775-1779
2. it would drop to under 1700 = 1686, with target 1853, mid point fibo 50% = 1769 (so 1769 important)
3. or 1700 strong support, the bearish trend stopped at 1705 fibo and go up targetting 1853 with mid point 1779
reason harmonic bearish bat to failed =
1. it drop more than 1686(POINT C) harmonic pattern change to chyper pattern(to 1667) or continue bearish pattern (drop to 1617)
2. it going higher than 1853(POINT D) change into crab pattern targeting 1995$
