Antikythera_Mechanism

Predicting Micro-Trend Reversal of Gold and JNUG Price Movement

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I made this gold chart with jnug overlay. It's my first real attempt at making and publishing a chart. I noticed that the jnug overlay really brings out a head and shoulder pattern under-lining the gold movement over the past few weeks. It's kind of rudimentary but I think we will see the inverse head and shoulders with the right shoulder beginning a new 12345 series of Elliot waves in the direction of the long-term macro-uptrend of gold, retracing and surpassing the current fibonacci resistance/support levels, followed by another ABC Elliot wave correction. Let me know what you think, and good trading to you!!!

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