faylee

Time and Price calculation -- Not for Trade, not very accurate!

Long
faylee Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
This chart only for analysis, not for trade.
Comment:
remember this chart? under another post of mine. It's about the calculation of the retracement from $1274. At the time 0.618 is only a given fibo retracement target.
And according to 0.618 retracement level, it'll take 57bars, the price target is $1256.
Comment:
sorry, this is the previous chart i was talking about
s3.amazonaws.com/tra...shots/n/Nlf88aXi.png
Comment:
However, the retracement seems done at 0.5 level.
It took 48bars to reach the target 1260.
Then, I use it to calculate the Time and Price for next leg. See the chart below:
1.618 is a given fibo target level.
The chart is only for analysis, not for trade!
Comment:
This is the updated prediction
Comment:
Comment:
$1307 is crucial and to bears, well worth a bet here, but NFP & the Election is coming, so it's still gambling. If after NFP can't get through $1307, there's no "E" on my last chart. only ABC structure completed, and may retrace "(D)".

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