Gold in Euros (Blue)
Gold has formed a clear megaphone (orange) in euros, and the megaphone is legal for an upwards breakout with a target of roughly the 2011 high.
Gold-in-euros has paused at roughly the level of the previous orange megaphone high–this is common. Usually the price would just continue up from here to at least the megaphone top. Occasionally it will put in a false top here before a retrace to VWAP followed by a melt-up to at least the megaphone top.
Megaphones will sometimes put in a double wave to one side or the other. In that case, gold-in-euros would put in some kind of topping formation at or across the orange megaphone top, followed by a sharp drop to a new low for the megaphone (purple scenario).