Gold seems to be making either a 3 drive to a bottom harmonic pattern or a harmonic butterfly.
In case of the 3 drive to a bottom - the bounce area is the 61.8 fib retrace
The butterfly is in a conservative view to bounce for the 78,6 fib retrace at 1554.... but could if gold bugs is in ecstasy go as high as the 88.6 fib retrace at 1725
Safe trading ladies and Gents!
@BLawrenceM Wrong on chart (Have often a quick running update through my Twitter account)
Music at work:
open.spotify.com/tra...y26y0RKyQVBCSbWyCubu
www.youtube.com/watch?v=CBF7tpjJ...
Disclaimer: I'm not long at the moment but...
In case of the 3 drive to a bottom - the bounce area is the 61.8 fib retrace
The butterfly is in a conservative view to bounce for the 78,6 fib retrace at 1554.... but could if gold bugs is in ecstasy go as high as the 88.6 fib retrace at 1725
Safe trading ladies and Gents!
@BLawrenceM Wrong on chart (Have often a quick running update through my Twitter account)
Music at work:
open.spotify.com/tra...y26y0RKyQVBCSbWyCubu
www.youtube.com/watch?v=CBF7tpjJ...
Disclaimer: I'm not long at the moment but...
