Monday 10 October 2016

Target for Pound $1.11, gold $1170 or $1100, gold might still be near £1000/oz.

My charts as of last week:

Target for Pound $1.11, gold $1170 or $1100, gold might still be near £1000/oz.

Once $1250 region is breached, $1170 and $100 come into play at the lower ines of the Andrews pitchforks:



As for you Britush pound, $.11 target would just need a duplicate of the Brexit fall in a typical Trident Trading ABCD pattern (not marked):

1st move $1.48 to 1.30, next move 1.29 to 1.11. It could be worse. It could be taken from 1.50 to 1.28 then 1.29 to 1.07:



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