XAUUSD OAK Gold's New All-Time-High and Intraday ForecastGold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound .
The correction followed since. We are looking now at the continuation of this berish move, and here I offer some morning doodles for today.
Gold is going to continue up in the larger trend, and not just for this years closing. It's just a matter now of finding our how deep a retracement could reach. It might be still soon for doing that accurately.
Spiderlines
XAUUSD OAK Spider Trend Two Weeks After: A Gold's ProphecyXAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted).
The trend path lines I sketched over the daily timeframe graph as it is in my post. This is a 30 minutes time frame view. None of these lines were changed in their slope nor in their position, not even slightly altered in any way.
This can be verified in my Sept 29 XAUUSD analysis
XAUUSD OAK Spider Trend Analysis and 2023 Closing Forecast
OAK
XAUUSD OAK Spider Trend Analysis and 2023 Closing ForecastXAUUSD Gold trend lines, support and resistance level slings over a 4H fibonacci grid analysis preceding my price forecast strokes for the last quarter. A year away from my best trading day so far (23.09.29), I think I should have been posting my analysis way earlier.
With great power comes great responsibility. Trade responsibly.
OAK
BTC Key Upcoming Local Levels To WatchBTC is starting to break a local resistance level the .786 FIB Level. Vumanchu Cipher B Indicator (Top indicator) is also printing a buy signal while BWAP and money flow are simultaneously looking positive. The next local resistance level I believe will be in 39000 region as indicated by my spiderline (yellow doted line circled in red). If BTC breaks this resistance level and holds price the next resistance level to watch out for is 41000, if this happens it will signal a break of trend. Stochastic RSI also looking positve for a local move up into these levels i have specified.
DEADLY Accurate levels from Monthly log. Spider LinesThis chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point on the top of nearest ATH at the time. By rinsing and repeating this process through the whole duration of BTC's lows and few ATH candles, this chart was born. You can clearly see that price action reacts very strongly to these levels. You could solely rely on this chart, but it would be best to pair with other TA in my opinion. I have not tested this with other cryptos just yet but I plan to in the near future.