Viking83
Long

Road to FOMC in harmonic way at channels

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
refer to chart
Comment: Its a big Bullish Gartley pattern targeting 1515 approx

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Comments

Higher highs and higher lows now seem reasonable. What do you think? You must considered the correction with Aud/usd
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No_structure No_structure
@No_structure, Correlation* with AUD/USD
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Viking83 No_structure
@No_structure, It all depends now on the strength of the cycles. Personally, yes, I believe a bull should see higher highs, but there is a severe risk we go down once again into December to test once more.
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@Viking83, The pattern on Aud/Usd will be broken if this view will happen. The Symmetrical triangle on Aud is the most important thing correlated to gold to see, for me.

See how this pattern has performed in the past...
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Viking83 No_structure
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@Viking83, yes, if gold will follow Aud price, under 1270 should never go again.

Above 0.77 aud confirms a precious metal bull market.
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