This broke out strongly and I think it is going to go up soon, after a pull back of course...
Since the trend touched long term channel and it refuse more falls, therefore, we can hope for a price rotation.
There is a very nice Butterfly pattern at the end of the wave 5 and also there is a very clear negative RD in MACD. Therefore we can expect to have a downward swing until the end of the channle.
It obviously doesn't tend to fall So i think it will go up after a little more price correction
There is a strong break out which is a good sign of growing...
RD- in daily time frame HD- in weekly time frame end of bat pattern
There are patterns which indicate that chart is in a good place to turn up temporary.
In my opinion gold should start its fifth wave may be this would be the start let's see...
Eliot wave I think it is going to complete that and maybe go further
Bat pattern can push the price up. In addition slow and correction down movement shows chart tends to turn around. Let see what's going to happen...
This is going up a little and then falling . It's going to be a 4th wave and it maybe correction and slow, so be patient. good luck.
End of two pattern, shark and AB=CD. It seems a good position. If it can pass target 1 srongly so it can achieve to target 2.
trying to complete last wave. do not hurry, let it finish...