Not looking good for gold.
July 15th Gold retraced to 50% of the down range from June 1st to June 29.
Time count wise, it's 28 cd down and 16 cd up (both numbers are multiples of 4) so this is considered as time harmonic (i dont know the correct terminology but if you study gann, you will understand this).
Target is a repeat of the down range and price should get to 1665.
July 15th Gold retraced to 50% of the down range from June 1st to June 29.
Time count wise, it's 28 cd down and 16 cd up (both numbers are multiples of 4) so this is considered as time harmonic (i dont know the correct terminology but if you study gann, you will understand this).
Target is a repeat of the down range and price should get to 1665.
