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Platinum-Markets
Nov 19, 2019 7:26 PM

ANALYSIS ON D1 UPDATE 

GOLD (US$/OZ)TVC

Description

Updating from previous timing analysis, price respected the 0.707 time axis on 12th November and reversed on a geometric level.
Running into the 0.786 time axis on 20th November, if price would again respect this axis just like the previous timings then we can expect a medium term reversal of trend if a significant geometric level is reached on this date.

Using the same 98 points price and time square :
98 * 0.786 = 77 days
Projecting 77 days from 4th September arrives on the 20th November

Currently price is likely to move higher to complete a 36 points AB = CD alternation in the 1481/1485 zone for a reversal back down
on the time axis. Also the 1474 level is an intersection of two price axes and hence a very strong level. If it fails to break then the reversal
can start from there.

Please check next post for price levels
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