Raising Gold target to 2050-2056 bullish abcd to bearish cypher

19 Jan

Now after market is close and bears still reluctant to cover. Allow me to show my updated Analysis. I see a bullish ab-cd pattern going into a bearish cypher. Theres a bull and bear aspect to every trade. Someone has to buy and someone sell. I dont heavy rely upon price action. I trust volume and money flow. Volume is showing a double bottom and preparing to cross through a resistance point on 4hr time framw. I'm anticipating a spike to 2050-2056, which will give a channel breakout. Not trading or Financial advice. Just sharing my Mindset and Analysis. Have a good weekend