A fib based pattern suggesting uptrend resumption for new highs
Aktualisiert
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
Anmerkung
If gold doesnt fall below 1258 by december 2017 end, 1381 and 1511 should be the next upside targets.Anmerkung
Lo and behold 1385 the 50percentAnmerkung
Next high side 1511 or aboutAnmerkung
1511 achieved...next 1600/1650Anmerkung
1690 would be ideal thoughAnmerkung
1600 and 1620 achieved, 1691 expectedAnmerkung
as mentioned earlier. fib tg 1691 also realised. cheers and happy continuationAnmerkung
Above 1691, 1920 becomes the next TG on monthly.Anmerkung
1920 Done. Will be revisited. Next up 2580. GoodluckAnmerkung
1920 revisit is hereAnmerkung
close above 1920 eyedAnmerkung
close above 1920 still awaitedAnmerkung
2500 took 4 years and 20 days or so lol... 2580 incoming. Goodluck. 2024 just got interesting
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