The chart attached shows one method that is generally reliable in estimating price moves. Gold is on the run as I type this and has rocketed upwards 60 dollars after crossing the midpoint line identified in an earlier chart. The immediate target of 2171.00 should be reached by this Friday and then be considered an intermediate top.

That is to say, be prepared for a corrective decline before  the resumption in the current price trajectory.

Estimating price tops can really be a mugs game of course and we all fall victim to inserting our false assumptions into models. But Gartleys like the one shown in color bands here do have a pedigree and can really help in the estimation process of calculating our odds. Putting this another way, the odds of more upside after price reaches the “D” target are going to be limited so the bias should be on protecting profits once its reached.

Gold is currently trading at 2062 so the potential upside to 2171 offers an additional 109 points gain.