GOLD Threatens Additional Downside Pressure, page-232

front month contract

structure suggests we may have a completed 240 min phase
structure suggests we may have a completed corrective phase of a  daily upleg
structure suggests a break of the 1212 level re-designates the bull phase to a correction phase weekly basis
structure alternate: price churns upto 1305's then retests, back-to but not-below, 1212's

given those ideas, the structure in three steps (there are more, these suffice for clarity)

the white ratio 1:1 high to low x high to low
terminating at 1212's completing a 240 min phase
alternate is a part one of three part 240 phase

the green ratio 1:1  ratio high to low x high to low
terminating at 1212's completing a 60 min phase

the orange ratio 1:130 inverted and extended (inv. ext.)
i have presented the inverted where high is low and viceversa + the extension
in this instance the extension is not an orthodox 127.2
(the measure is 11.4 + 88.6 = 1 whole where 130 is a SqR, where 88.6 is SqR of 78.6 second step where 78.6 is SqR of .618)

time 1: 240 min basis the time taken from the 12/02/16 high to 11/03/16 high is 50% on 28/03/16
(this may shift one day due to easter trading)

time 2: 240 min basis the time taken from the 16/02/16 to 11/03/16 high is 61.8% on 29/03/16
(measure is 1:.618 or 161.8% ext)

time 3: 120 min basis the time taken from Draghi Dimple to Yellen Yell peaks is 127.2 on the 28/03/16
(measure is 1:127.2 where the third peak is the Belgian peak)

an interesting note for followers of Socionomics (C)(T) is the Belgian Peak occurred at 61.8% of the Draghi Dimple to the Yellon Yell  expressed as high x high (1) x high (.618) (measure being 1:.618)

the  ugly formation from the line does not have any momo and dirty ....conducive to interruptive slop
and common to a low being set....ideal for allowing fear to set in on a long weekend or weak end, whatever
http://hotcopper.com.au/threads/gol...get_post=true&direction=previous#.VvUikDHQvNc

probability thus:
1 a structural low is in the build, incomplete due to price formation lacking both clean impuslive qualities and momentum
2 the build require more hours to set the low,   emotive logic to favour the offer while structure favour the bid
3  a break of 1212's opens 1192's then 1166's and below