All is on chart: 1.618 from 1375 to last year's low is 1120. Gold 0.27% bounced off of it at 1123 and is currently at . 382 retracement from it's drop from 1337 to 1123. We are seeing higher TF oscillators due for a pullback, but when? BULL: .382 was 1202 and we past it. 1228 would be .50 and seems reasonable. While .618 is a bit far. RETRACE: If we pull...
All is on chart. I'm still long from Friday. This is just some facts to watch. Not truly at trade until patterns are complete and not blown thru.
Green targets off of the SHARK pattern. Higher targets on chart for later... Good luck... sorry about the art; i was bored waiting.
Could be a turning point as a saucer for bulls or a cup and handle continuation... we'll see.
Watching for patterns to complete. Down needed to reach neckline. Complete the harmonic, if it doesn't fall too low it should be valid to retrace to either 38.2% or 61.8% to form right shoulder, then drop. Lining this up with large US events. As always, levels are more accurate I feel than time. So we'll see when it all plays out, if it does.
Is gold going to range before getting to a larger channel or break much lower before it climbs. This shows a short-term trade I'm currently in but it's mainly so I can keep a bigger picture view moving through the next few months through elections and the end of the year, start of new year.
Buy gold when the U.S. dollar crosses below its 7-week EMA and to sell gold when the dollar crosses above its 7-week EMA
Main chart is monthly chart during 2011. I'll post different time frames below. **not a trade, or advice, just reference while the markets rest.