Drop to 1650 this week (1648 to be exact)
1705 harmonic LEVEL ACTING AS RESISTANCE THIS WEEK
gold has been trading in a descending triangle that that indicates it should drop do to resistance of the moving averages and the previously stated 1705 harmonic level ...
the highest we can get next week is 1720 but a drop from current price to 1650 look well enough
After the drop and bottom at 1650 we will rise to the 1 extension of 2250 where there will also be some sort of major retrace there before we move to 2950 area (max 3400)
The move to 2250 from 1650 should work in a its own mini Elliot waves with pull backs at key levels but will for sure for an ABCDE structure up to 2250
gold has been trading in a descending triangle that that indicates it should drop do to resistance of the moving averages and the previously stated 1705 harmonic level ...
the highest we can get next week is 1720 but a drop from current price to 1650 look well enough
After the drop and bottom at 1650 we will rise to the 1 extension of 2250 where there will also be some sort of major retrace there before we move to 2950 area (max 3400)
The move to 2250 from 1650 should work in a its own mini Elliot waves with pull backs at key levels but will for sure for an ABCDE structure up to 2250
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