FeelsFX

FeelsFX

42 is a total pattern completion

FeelsFX

Nothing to say really

FeelsFX

The bounce off the now a support box continues to the major trend line for another bounce or a breakout.

FeelsFX

Although scott carney suggests that the AB leg should be at least .618 Larry Pesavento teaches this structure as valid. So because of the .618 level of the D point I'm giving it a shot. Targets @ .382 retracement of AD (1.3000).

FeelsFX

the double is forming which would form a bullish gartley. After the pattern a bounce of the resistance box could happen.

FeelsFX

some 618 fib levels are aligning on the daily resistance of the gold. A pretty good short entry down to 1000s should be considered. Also a breakout might mean a bullish trend.

FeelsFX

Gold is about to touch a major support level @ around 1178. If it breaks it that would lead to a huge drop. Bounce is more likely to happen in my opinion.