Fib drawn on Daily, on H4 and H1 there are multiple tests and bounces on the 50% retracement level. I think it's heading up to around the 148.450 range, where there's a lot of resistance on the Daily Chart... From there, who knows... :)
Should make it to at least the 149.200 Area... Triple bounce on Trend line, on Daily...
Gold will retrace too the 38.2 Fib, Then Drop more...
Has Gold began changing it's trend? Looks like it might be heading back up....
I think it's going to head up and complete the inverted Head and Shoulders pattern...
It's been building this since Feb... Dropping down at the 61.8 Fib Level is Very Likely... Long Term, this isn't going to complete in a few hours... :)
Bounced off Fib Line, Producing HH's and HL's now...
I feel like it's about to head back up... Close to 4HR Trend Line, near previous days low... Should see it going back up within the next hour or so I feel...
Text book, Higher Highs, Higher Lows, Trend Line following, etc... It's not showing any turning back yet...
Bounced off 4HR Trend Line and 50 EMA... 200 EMA still clearly showing uptrend... It will continue up for some time I'm sure...
Higher High, and Higher Low, Trend Reversal?
Bounced off 61.8, remaining in the Channel... Long term trade!
Completing the last shoulder on an inverted Head and Shoulders pattern, Bounced off lower trend line, and breaking through 61.8 Fib... This will be heading up for a while...
Seems to be following it's already well established Down Channel...
Broken out of Trend line / Triangle, will hit resistance around 1.3341...
Following Trend, just broke the 61.8 Retracement on the 4HR Chart.
Yet another bounce off the trend line, heading back up again...