After a diagonal-type rally, gold has retraced for exactly 50%. while making a cypher harmonic pattern, gold is also attempting to break out of the downtrend channel which it was stuck in. passing 38.2% line looks like a good buy
let's see if it meets my target.
I see this going down to meet our target area
Two rectangles down below are our targets. We believe the market will touch those areas.
at resistance and still way to go down.
Reacted to upper resistance and oversold. I see the 17.5-17.6 as target
I believe it's going down at least to our target area
Bearish candles showing it's going down.
I believe it should touch the lower target before any further action.
It's stuck in this very band. I see one more move down.