Gold has completed a nice Gartley Bullish, confirmed by a bat bullish last Friday.
Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north.
The 1267$ zone could be reached next week to complete a Cypher bearish pattern.
If this level is reached, i will short to target 1165$/68 in order to complete a likely butterfly bullish pattern and activate the weekly 5-0 bullish (see idea below)
If prices break 1210, i will throw this scenario to the garbage but targeting the same level : 1165$/68
Despite a close below 1223$, important weekly level, the close at 1222 is too shy by bears. H4 oscillators (RSI / Sto) give momentum for a move to the north.
The 1267$ zone could be reached next week to complete a Cypher bearish pattern.
If this level is reached, i will short to target 1165$/68 in order to complete a likely butterfly bullish pattern and activate the weekly 5-0 bullish (see idea below)
If prices break 1210, i will throw this scenario to the garbage but targeting the same level : 1165$/68
