Either a bearish reversal may follow or gold breaks through the price level to continue higher. ABCD Pattern Targets 2,091 The first target from the rising ABCD pattern is at 2,091.

In addition, there is a falling ABCD pattern developing in natural gas starting from the recent trend high at 2.88 and ending at 2.57. Where it completes is a potential pivot level.

The initial ABCD was made from the recent high to low (Jan. 3 – June 15) which also corresponds to the longer AB leg and a descending wedge pattern.