AS I STATED EARLIER ON 22/6/2020 (https://stockcharts-home.blogspot.com/search?q=gold&max-)results=20&by-date=true ) THE $1790-$1800 RANGE IS THE MOST LIKELY OF A VALID REVERSAL. IN THE GOLD FUTURE PRICE HIT $1807, BUT IN SOPT GOLD PRICE ONLY REACHED $1789
AS GRAPH 1 SHOWS, THE PRIMARY COUNT FOR THIS WAVE WHICH STARTED FROM THE LOW OF $1451, APPEARS 5 WAVE UP IN ADVANCE
GRAPH 2 SHOWS , BEARISH BUTTERFLY PATTERN HAS COMPLETED AT $1789
THE COMPLETION OF THE PATTERN DEFINES A CRITICAL TURNING POINT IN THE TREND OF GOLD,BUT A RALLY ABOVE $1789 MEAN THE ADVANCE IN WAVE 5 IS STEEL IN OPERATION AND THE HARMONIC PATTERN FAILED TO REVERSE THE TREND, THE DECISIVE BREAK OF THE UPTREND LINE SUGGEST THAT A MAJOR TOP IS IN PLACE
THE FIRST POTENIAL DOWNSIDE PROFIT TARGET SET AT $1744,THEN THE NEXT TARGET SET AT $1715
