bullish case:
Success rate: 51%.
Need to breakout from the trend line start back in 3 Aug 2020 with ATH, if the breakout happened more buyer will step in and short seller most lucky will close there position which will driver the price up, and that will start Wave 3 that can hit 2600$ in the next 6 months to a year or so if we say the start point is round 1162$.
confirmation: closing out of the trend Line and We succeed in the retest.
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bearish case:
Success rate: 49%.
we never close above the trend line in weakly chart which will be a bearish single and short seller will step in and short gold in this case target can be: 1464$ which mean gold has AB=C pattern.
confirmation: we break from the trend line but never close above it or failed with retest.
Success rate: 51%.
Need to breakout from the trend line start back in 3 Aug 2020 with ATH, if the breakout happened more buyer will step in and short seller most lucky will close there position which will driver the price up, and that will start Wave 3 that can hit 2600$ in the next 6 months to a year or so if we say the start point is round 1162$.
confirmation: closing out of the trend Line and We succeed in the retest.
---
bearish case:
Success rate: 49%.
we never close above the trend line in weakly chart which will be a bearish single and short seller will step in and short gold in this case target can be: 1464$ which mean gold has AB=C pattern.
confirmation: we break from the trend line but never close above it or failed with retest.