The Gold Price Target… Merry Christmas

I have a busy night ahead but I just wanted to post a few long term charts to show you the relative nature of a chart pattern. I know most of you know that the bigger the consolidation or reversal pattern the bigger move to expect. If one is looking at a minute chart and see’s a triangle the move is relative to that time frame. On the other end of the spectrum when you see a big reversal pattern, that takes a year or longer to complete, then you know the move is not going to be a flash in the pan. When looking at a big impulse move from the monthly perspective I like to use the black and white candlesticks that will general confirm the impulse move your are expecting or are currently in.