A closer look to our GOLDEN ROAD !
Updated
Amazing results on target analysis !
We reached to 2158-2477 target zone for GOLD on our monthly time frame analysis ( Please see related idea ). Can we narrow out target zone ? Lets follow !.
Today we have a closer look to our golden road on weekly time frame. Amazing results !. we calculated two PRZ (Potential reversal zone ) in monthly time frame. First one was 2158 to 2171.88 and second one was 2461 to 2477. Now what we have on our weekly analysis? We have again two PRZ. First is 2146 to 2171.09 !!!! and 2nd is 2267 to 2284 ! therefore, not only we made our target zone narrower but also found our first PRZ much much stronger ! beautiful !
How we reached to these two PRZ on our weekly time frame analysis ?. Details are shown on the chart. As we mentioned in our last publication, currently we are in circled wave 5 of a long term impulsive wave started at 100 . Onset of this circled wave 5 is shown on the chart. So far, our circled wave 5 has completed it's inner and smaller degree waves (1), (2), (3) , (4) and now is on it's final wave (5). Our PRZ obtained by confluence of typical Fibonacci levels of wave 5 calculated based on relation of internal waves of circled wave 5 which are waves (1), (2), (3), (4) and (5).
Are we able to make our analysis even more accurate on smaller time frames? Of course we are ! We can do it later on daily time frame and by analyzing internal waves and subdivisions of wave (5) in appropriate time! Follow our ideas and we let you know our views in a right time .
Good luck everyone.
We reached to 2158-2477 target zone for GOLD on our monthly time frame analysis ( Please see related idea ). Can we narrow out target zone ? Lets follow !.
Today we have a closer look to our golden road on weekly time frame. Amazing results !. we calculated two PRZ (Potential reversal zone ) in monthly time frame. First one was 2158 to 2171.88 and second one was 2461 to 2477. Now what we have on our weekly analysis? We have again two PRZ. First is 2146 to 2171.09 !!!! and 2nd is 2267 to 2284 ! therefore, not only we made our target zone narrower but also found our first PRZ much much stronger ! beautiful !
How we reached to these two PRZ on our weekly time frame analysis ?. Details are shown on the chart. As we mentioned in our last publication, currently we are in circled wave 5 of a long term impulsive wave started at 100 . Onset of this circled wave 5 is shown on the chart. So far, our circled wave 5 has completed it's inner and smaller degree waves (1), (2), (3) , (4) and now is on it's final wave (5). Our PRZ obtained by confluence of typical Fibonacci levels of wave 5 calculated based on relation of internal waves of circled wave 5 which are waves (1), (2), (3), (4) and (5).
Are we able to make our analysis even more accurate on smaller time frames? Of course we are ! We can do it later on daily time frame and by analyzing internal waves and subdivisions of wave (5) in appropriate time! Follow our ideas and we let you know our views in a right time .
Good luck everyone.
Note
Nice prediction so far .
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