Gold on the rise; potential pivot points identified.

Gold appears poised to ascend by means of a modified Schiff pitchfork, with additional fibonacci trendlines drawn (in purple) between the prongs of the pitchfork skeleton exhibiting significant influence on its upward move. Simultaneously, an ABCD pattern has the potential to form within the pitchfork in a fashion that mutually affirms both pattern parameters. Barring any unforeseen spikes in price action in response to geopolitical risk, I'm fairly confident that "gold in the 1300s" will become a new floor, and a trope amongst many investors.

Gold on the rise; potential pivot points identified.