Counting the Gold Bearish Price Objective.
Dear traders/analysts a road map may well describe this analysis giving us a target/objective to work towards. A forecast of the anticipated move after a completion of a pattern which I like to share with you.
A completed top with the daily bar/candle chart ( not shown) of the precious metal. This enables us to take a PnF count for a bearish price objective which is shown on the chart. With the 3 Box PnF chart, there is an extended quadruple bottom sell signal which replicates the top on our bar/candle charts.This bearish count suggests a potential retest of the late 2016 low may well be on the cards.
No different than that of EUR/USD bearish price objective published little while ago.
Keep well and chart well.
This analysis is for educational purposes only. It is not an investment advice.
A completed top with the daily bar/candle chart ( not shown) of the precious metal. This enables us to take a PnF count for a bearish price objective which is shown on the chart. With the 3 Box PnF chart, there is an extended quadruple bottom sell signal which replicates the top on our bar/candle charts.This bearish count suggests a potential retest of the late 2016 low may well be on the cards.
No different than that of EUR/USD bearish price objective published little while ago.
Keep well and chart well.
This analysis is for educational purposes only. It is not an investment advice.