Agressive Gold

I see some bullish fib combination in this area, which I would like to share with the community. This gives an alert of trend continuation, which may not last more than 1365. Well We are trading below 1300 gives a 50$ non stop bear momentum in last two weeks.

For Bullish, I see following patterns

• 121 harmonic pattern
  
• Cypher Bullish Pattern
  
• 4th wave channel support.
  
• Long term bullish trend line support
  
• 38% fibo support of last swing
  
• 127% fibo correction of wave B
  

For Bearish

• Completed E wave triangle in weekly chart
  
• Possibility of 3rd wave bear beginning
  
• Bullish trend line support around 1200 level on weekly chart
  

My Pick :)
Looking for trend continuation for a new high

Comentário:

Things to consider before FOMC
1. reached channel support
2. Found a bullish Harmonic pattern

Comentário:

Bull Run pause here for either break setup or fold down. If it fold down target remain 1302

Comentário:

Sold gold at resistance.
My trade plan during coming weeks as BAT,Cypher & Gartley combination, backed by Elliotwave. The full family picture as seen below

Comentário:

This was quick..! :) So many pip in Hand
Friday for bull show