Gold is forming a correction. The price is testing the channel resistance and the Gartley pattern indicates the end of the correction. Will the rise continue?
1) Gold fell to the 1765.9 area. 2) Gartley pattern formation completion indicates the end of the correction, the price is in the consolidation phase above the level. 3) The price is above the trend line, above the upper limit of the channel and forms a retest of the volume density zone 4) Growth to 1784 5) As the trend is ascending, the gold after the correction might renew the high at 1809
I am waiting for an ending consolidation above the local trend support and growth towards 1784
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