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bicktash
22 mar 2017 20:29

A fib based pattern suggesting uptrend resumption for new highs  Long

Gold/U.S. DollarFXCM

Descrizione

From historical PA and Fib levels shown in chart; the last high of 850 was taken out after price retraced below 0.236 level (zone marked with circle). Move from 850-1900 has retraced to below 0.236 level recently (1040s, also zone is marked with circle). This might suggest that Gold will resume its uptrend from the mark 1900 on the monthly time frame. Monthly observations required. Good luck

Commento

If gold doesnt fall below 1258 by december 2017 end, 1381 and 1511 should be the next upside targets.

Commento

Lo and behold 1385 the 50percent

Commento

Next high side 1511 or about

Commento

1511 achieved...next 1600/1650

Commento

1690 would be ideal though

Commento

1600 and 1620 achieved, 1691 expected

Commento

as mentioned earlier. fib tg 1691 also realised. cheers and happy continuation

Commento

Above 1691, 1920 becomes the next TG on monthly.

Commento

1920 Done. Will be revisited. Next up 2580. Goodluck

Commento

1920 revisit is here

Commento

close above 1920 eyed

Commento

close above 1920 still awaited
Commenti
bicktash
If gold doesnt fall below 1258 by december 2017 end, 1381 and 1511 should be the next upside targets.
eskgroup
To me 1046s seem as a higher low... :|
bicktash
@eskgroup, wow man..you're deep ;) I agree fully
Parabolica
Great observation!
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