A funny idea for GOLD....

FX:XAUUSD   Gold Spot / U.S. Dollar
392 3
Gold is struggling below 1275 level. I don't think it is a strong resistance level ,but it be.

Gold rebounced after long time sell-off. I know surely Gold would fall down beucause FED surely will continue taper.

Less dollar is injected in the market, dollar is stronger, and gold falls down because gold is a anti-dollar.

The problem is TIME.

Today, I show a funny observation I see on the chart. The gold pattern make me to reminisce my high school time: I studied about PROJECTILE MOTION IN PHYSICS.

If Gold couldn't break key resistance level : 1275, it must fall down.

The gold pattern very look like Projectile motion. Imaginary, when you fire a bullet in cannon, the motion of cannon bullet is the same with the motion of gold pattern I draw on the chart.

I have OXY coordinate axis. I have cosa, the problem is finding Vo , and I could draw the orbit of gold motion.

It's just funny. Don't too much aggressive in my analysis. But when you analyze, you will see even price fluctuate chaoticly, it is still in order. The problem is you have to find the LAW. Why price always respect Fibonacci level ?. No one know, but it happens.

In this chart. I just show some interesting analysis. If you apply math and physics in analysis, you will find some interesting matter. The move of price always respect math function.

Good Luck for all Traders.
different people see different things. someone pointed out the cup and handle pattern in gold chart and possibly breaks out on monday.
Nice try math geek!!
there are here

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out