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 : 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.