Part of my ongoing analysis of Gold movements (see links below).
After a meteoric rise we might have a correction under way.
Current support zone is crucial in determining trend strength.
Break of this support is likely, so preparing for zones below.
1329-1330 is current support would be nice to hold.
1314-1315 is likely retrace zone which should hold.
1297-1298 is critical zone for Bulls to hold at all cost.
Previous Analysis (click):
1366 still targeted
1347 topping call
1320 bounce call
1300 long to short
1267 bottom call
After a meteoric rise we might have a correction under way.
Current support zone is crucial in determining trend strength.
Break of this support is likely, so preparing for zones below.
1329-1330 is current support would be nice to hold.
1314-1315 is likely retrace zone which should hold.
1297-1298 is critical zone for Bulls to hold at all cost.
Previous Analysis (click):
1366 still targeted
1347 topping call
1320 bounce call
1300 long to short
1267 bottom call
Commento:
Well I am happy to be wrong about the retrace. Obviously 1330 was indeed the launch pad. Gold has also give me a bonus, an absolutely beautiful example of an Impulse and it's Ripples
Gorgeous!!
Original target of 1366/67 now in clear focus, per this Idea
.
Gorgeous!!
Original target of 1366/67 now in clear focus, per this Idea
.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
.