Point B retrace at 61.8 What is more important in this case is point BC also retrace at 61.8 This double 61.8 retracement is a perfect Gartley in Theory. There are also confirming sing for the short position. If we have a classic divergence when the price reaching the price tag that will be even more of a perfect sell set up. The RSI is expect to have a...
USDCHD 4H Forecast Harmonic Bat Pattern. Point B Retrace to 38.2, Point D is expect to make price action for a short position in this case at 88.6 Fibonacci Retracement Level.
Uptrend, however, 102 proves to be a very confluent think resistence.
How this "INVERSE" relationship will play out during the next 45-60 days.
The Italiad said NO, EUR down, DXY up squeezing our GOLD but Suerly She will Bouce, just for awhile. Not logical but always emotional of the crowd. Trade Set Up: Time Frame DAY Position Long: Near Price 1165.1167 Total Period: 12 - 18 days First Target: 1169/1170 ( Prove to be very thick resistance, might her a while to break up!) Secodn Target: 1,200 Third...
Finally the time has come for The Black Gold to Rise. Counting down to Break 51.732 soon and completing Wave 1 and. All detailed Explaing in the Chart. Near Price Enter: 51.7/51.9 TP1: 54.677/58.98 TP2 Long Term; 64.460/72.136 Positon: Long Long and LONG!! Suggesting Sell Short Correctin at eace Thin Grey Line to bank in some cashflow.
Continue and confirmed from my prediction last week on Dec 2nd "THe worst is almost over. Break 1,169 and Let the magic begins" URL below the section. She did it! Even 3 days sooner than the forecast. What a persistent precious metal she is! Never in a market something will just go up or fall down as a stragt line, there must always be indeed a correctoin...
Day Charts, if at $1,300 was Correction Wave 2 then we are in for a DEEP Gold.
Though might contradict with the rate hike and soaring oil prices, however, let the graph and the math, together with some surprises of the market, show its feelings. If Gold breaks down the support at 1165/1150 then prepare for Wave C rebound profiting LONG before opening SHORT aging when she stars to tumble again down toward 1,140 and below. We should...
1. The the imminent Rate Hike and 2. The DJIA hitting a new high Riding in Wave 5 and 3. Dollar Index also New High and riding Impulse Wave 4. all the stimulus in Asia and Emerging Market, ALL factors pressuring down the gold prices.
Continued tumbling down from 2 days ago. Wave 3 Confirmed reaching at $1,160, Retracement Wave 4 around $1,220 with ZigZag then heading down Wave 5 targeting $1,060. EXTREME!