Gold reaches the 2014 low and must react on it.
The 2013 support of 1180$ has been broken and a retest of this level can occur in the next few weeks and act as a strong resistance.
In harmonic pattern, gold has completed a nice Shark Bullish and i'm looking for a PA to reach the next bearish Pattern : 5-0 pattern @1182$. If time is respected, i expect that gold will reach 1182$ in 11 daily candle (First day of August).
If price and time are respected, gold would continue its long bearish trend with 1080 and 1045 as target.
The 2013 support of 1180$ has been broken and a retest of this level can occur in the next few weeks and act as a strong resistance.
In harmonic pattern, gold has completed a nice Shark Bullish and i'm looking for a PA to reach the next bearish Pattern : 5-0 pattern @1182$. If time is respected, i expect that gold will reach 1182$ in 11 daily candle (First day of August).
If price and time are respected, gold would continue its long bearish trend with 1080 and 1045 as target.
