ABCD pattern

12 mar 2017

I'm keeping an eye here. Price seams to be looking for help from the 1/1 angle to continue its way up. We'll see.

12 mar 2017

Nota

ABCD pattern is not longer valid to me. Seams like price could reach the 1/1 angle almost straight forward, but increasing volume a long candle is also expected due to latest candle formation. Up or down? You tell me :) If it goes down the angle will most likely be a strong support, in case it goes up gold price (red horizontal dotted) could be a good resistance level.