gold

On the H1 chart, the price is up inside a bullish channel and the same time an inv ab=cd harmonic pattern on the channel lower limit and pitchfork middle line is on-sight simultaneously. Till May 9th its time factor will be fulfilled and we are expecting to see it growing at least to around $1304 and thereafter $1312 and eventually $1322 area, if $1296 level is broken upward. In case the channel bottom is blown down around $1284 and the price stabilizes down there, this forecast will be rescinded.

 Result