{quote} rhythmrig, Fine analysis and I like the way you use the stochastic indicators. This is a real possibility and a high probability opportunity. What we have to do is identify the confirmation signs that will prompt us to take action (open short). I believe that if PA goes north from here, then this H&S could come back into play in a few weeks, so let's see what gives today!
Certainly ....but keep in mind the event in June of the plunge to 1180.... there was very little retrace over that 9 day period . Maybe this is why we have been expecting a retrace and it has not happened yet based on pa. Normality it would happen but maybe there is something missing? Maybe Gold is on a much larger leg down based on fib levels or E W on a larger time frame. Im not sure how the Elliot wave Guys do there charting based on time frame.
, any how sorry i cant till u the reason or evidence cause am busy now but time will tell , moreover again am sure so if u wana to win follow me 
Face both Win and Lose bravely
