Since the gold has corrected the increasing behavior last 3 weeks, the harmonic pattern tells us that It may retrace to the 0.382 Fibonacci level (The Fibonacci that works well when spotting the highs and bottoms), and join some previous supports and resistances ( the orange line is the mainline that tells us the history of gold for 20 years ).
This is a pure technical analysis, the gold could continue the increasing behavior ( due to speculation bubbles especially after the interest of Warren Buffet recently on gold)
This is a pure technical analysis, the gold could continue the increasing behavior ( due to speculation bubbles especially after the interest of Warren Buffet recently on gold)
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