Here’s an update on Feb. 18th from an expert technician and friend:

Gold** Weekly and Daily April ’21

Support 1740-1750. Resistance initially 1880, closing basis. From a timing perspective and illustrated in our last article on gold, the market remains in a window for a possible low. We can add the Andrews pitchfork pattern’s median line (in red) to the mix and a dashed blue line channel which resembles an ending diagonal. Additionally, the 2 target levels previously cited are within shooting distance at 1756.3 where C=A and 1733.5 where the more recent second A-B-C would be equal to the first A-B-C.