3rd point of intersection to make a lower low on the weekly chart lines perfectly with the 61.8 retracement level. I think this will be the final push up before bitcoin pull down and crashes back into the 3000 - 4000 dollar area.
Price wicked into 1703 with was previous resistance so I believe price will pull back into this region before shooting to the upside and making a new high. The new high was from a resistance in 2013 the last time gold was high.
Bearish Impulsive wave to the downside. currently in Corrective wave to the upside with the third leg beginning at 50 retrenchment level and area of support. Third leg will pull up and retest previous support as resistance before continuing to the downside and making a lower low.
stuck in consolidation phase where both support and resistance have been tested multiple times. so I believe price will stay in this phase for a while til a big economical news is released
