AFTER THE BREAKING OF MINOR UPTRENDLINE IN CHART NO1 , PRICES WAS VERY CLOSE TO TOUCH THE ORIGINAL UPTRENDLINE, DURING THAT GOLD FORMED A SIGNIFICANT BAT BUY PATTERN , THE PATTERN POSSESSED1.618 AB=CD AT $1263 WHILE THE 2..00 BC PROJECATION AND 0.886 RETRACEMENT CONVERGED JUST UNDER $1251, SPECIFICALLY AT $1246, THE POSITIVE BULLISH DIVERGENCE AND THE TWEEZERS BOTTOM CANDLESTICK ARE A GOOD SGINS OF IDEAL REVERSAL, U CAN GET LONG WEN PRICES BREAK ABOVE $1255, THERE ARE A PROFIT TARGETS , THE INTIAL TARGET AT $1292 THEN THE NEXT TARGET AT $1320 BEYOND THIS TARGET WICH REPRESNTS THE 61.8% OF MEASUREMENT FROM THE PATTERN‘S HIGH POINT TO REVERSAL LOW, THE PRICE MEASUREMENTS OF THE 78.6% , 88.6% , 100% , 127% . 161.8% AND SO ON SHOUD BE CONDSIDERED AS WELL
EVENTUALLY , PLACE YOR STOP LOSS BELOW $1236 , WEN PRICES CONTINUE HIGHER , MOVE UR STOP LOSS HIGHER UNTIL PRICES BREAK ABOVE $1292 THEN HOLD UR POSITION AND MAKE $1292 THE PROFIT PROTECTION ZONE
