Gold’s rally pauses near 2,305, signaling potential pivot point and retracement ahead after completing ABCD pattern.

Given the long-term nature of this pattern, gold has reached a potential pivot level that could lead to a retracement and end the current sharp advance, at least for the near-term.

Short-term bearish price action does not negate the bullish rising ABCD pattern targeting $3.58. Natural gas lost its upward momentum on Friday as it fell below ...

Last Friday silver retraced to a low of 29.12 to reach an extended downside target of 29.15 from a declining ABCD pattern. During Friday’s decline the prior ...

However, a move below 6990 BEFORE a move above 7951 would trigger two ABCD technical patterns with shallow retracements making them bearish. They would create two minimum downside target zones.