TVC:GOLD   الذهب (دولار أمريكي/أونصة)
As seen on the chart, price has been running 50% corrections of the ranges and currently the 50 : 50 balance expected
at 1503 is completed.
Two scenarios to expect :
Price advanced 155.87 points and corrected 50% between bulls and bears, declining 78.39 points.

Price then expanded in ratios of 0.667 advance and 0.333 correction of 155.87.
155.87 * 0.667 = 104 approx.
Also 155.87 * 0.33 = 51.43 (104.83 + 51.05 = 155.88)

We have already seen a double advance of 104.83 points.
Projections are that if a next advance will occur, we expect price to either repeat 104.83 points advance from 1503.785
1503.785 + 104.83 = 1608.615 (TP 1)
50% correction: 1608.615 - 51.43 = 1557.185 ( TP 2)

Next, we can also expect a geometry of 155.87 - 104.83 - 104.83 - 155.87 to occur.
( 1 - 0.667 - 0.667 - 1 )

if price will make a 155.87 points advance from 1503.785
1503.785 + 155.87 = 1659.655 ( TP 3)
50% correction : 1659.655 - 78.39 = 1581.265 (TP 4)
The pattern favors a 1 - 0.667 - 0.667 - 1 formation as this will form a perfect 3rd Dimension harmonic pattern.
1 + 0.667 + 0.667 + 1 = 3.33 ( 3rd Dimension Harmonic Ratio )

Trade plan : TP 1 = 1608
TP 2 = 1557
TP 3 = 1659
TP 4 = 1581

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