Gold Bearish Bat Possibility or bounce off TL for more bear??

5. Feb. 2017

All is on chart. If the trend line (dashed) is broken and tested, this pattern can help indicate where it might retrace. Gold can, however, bounce off of the trendline again though. Harmonics don't show where it will go, just ares of interest for retrace after other points are complete. For instance, this last retrace could push to 1.618 from it's push towards B and hit then bounce off of 1245 (blue).