A fib based pattern suggesting uptrend resumption for new highs

Long

Gold Spot / U.S. Dollar (FX:XAUUSD)

Updated

FX:XAUUSD Gold Spot / U.S. Dollar

From historical PA and Fib levels shown in chart; the last high of 850 was taken out after price retraced below 0.236 level (zone marked with circle). Move from 850-1900 has retraced to below 0.236 level recently (1040s, also zone is marked with circle). This might suggest that Gold will resume its uptrend from the mark 1900 on the monthly time frame. Monthly observations required. Good luck

Comment:

If gold doesnt fall below 1258 by december 2017 end, 1381 and 1511 should be the next upside targets.

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Lo and behold 1385 the 50percent

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Next high side 1511 or about

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1511 achieved...next 1600/1650

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1690 would be ideal though

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1600 and 1620 achieved, 1691 expected

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as mentioned earlier. fib tg 1691 also realised. cheers and happy continuation

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Above 1691, 1920 becomes the next TG on monthly.

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1920 Done. Will be revisited. Next up 2580. Goodluck

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1920 revisit is here

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close above 1920 eyed

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close above 1920 still awaited

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