huntingsniper

huntingsniper

Gold has been in a (A)(B)(C) correction since it peaked in Sept 2011 and is in the final leg of forming an ending diagonal (falling wedge) as the 5th wave of wave (C). Current price is right below the lower trendline of the falling wedge. A Fib confluence support area (1066-1069) is right below the last major lower (1071.28). The candles of last two weeks show...

huntingsniper

GOGO broke the neckline (red dash line) of a head and shoulder pattern with huge volume on Dec 18. It has been moving within a declining channel since then and touched the lower edge of the channel last Friday. The price is close to several supports right now: (1) the lower edge of the declining channel (2) the support line connecting the lows of Nov 19 and Dec...