astroobserver

GOLD: Continues to rise

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold, Strong and sober.

At least, compared to Palladium , This Jag presents a more responsible profile! This last surge 14-19 Feb '19 was a peppy ride, which precipitated the blue parabolas leading the market. it is a relatively wide Horn, leading to the Orange Zone. This Zone begins the approach the 'Celente boundary' 1440-1480 where he predicts are expected to go 'All-in' on a 'runaway' rally. ( I paraphrase ) We are not there yet. but the next resistance line, past 1420s takes, marks its boundary. Orange area , ( pan chart up )

O-1, O-2 and O-3
These Orange curves are rooted in the 12 Dec '17 bottom, one of the major features of the larger scale Gold Jag. O-1 and O-2 have played their part. O-3 is next

O-1 Quadratic extension Synchronized with the 15 Aug '18 event: That was the bottom of the local and maligned Slump.

O-2 Which intersected the action Jan 25th was not obstacle for the Jags: it synchronized with the Jags 3.5 % leap that day.

O-3 Intersects the current trend 19 Apr, '19 at 1402 . This is another Synchrony. Lower blue, of the current Blue Trading channel also meets the current trend there. The implications are simple, as 1,2,3. Another leap?

The Parabolic Approach is sensitive to natural dynamics in the market. it is self consistent and 'organic', Yet there are external forces. Parabolic approach reveals and relies on Synchronicity. What is that?

There is a 'surreal' quality to 'life': A underlying reality to the obvious ). In Ancient parlance it is called destiny. Today, if you chose to have one, you can. In antiquity its was inexorable. The psychological perception of that was named synchronicity by transcendental psychologist , C. Young. 'Parabolic Support', as a technique to disclose the natural evolution of markets, borrows this term to describe unexpected and extra temporal coherence with in the Price Action.

" force major ", can be interpreted as 'destined' in as much as its consequences are inescapable and its approach, in retrospect, inevitable. Players and market makers are no match for the World speaking louder than corporate boards or sanctified pens.

Metals in particular are intrinsically connected to the fate of nations, territorial or dispersed; and of kings, whether enthroned or 'de facto'. Sovereign citizens and self made men ( New Men ) qualify; Thus the 'external forces on the markets sometimes prevail and others times they do not. the smile of Fate on some are frowns onto others. Wealth is a lubricant to power, sometimes the the World has other plans, rooted higher than the will of mortals.

I suppose the spring of '19 is relevant to the fate of Eastern Nations, The daughters of India and maybe to men behind paper thrones.

Swaying in the sea of the possible; ( our perception of 'time' ) I watch the curves converge. Within me I brood the form of "probable", the noun; watching it become a verb. I hope and expect for truth; goodness and beauty, to prevail

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