Gold - Medium-Term Forecast Long

Gold/U.S. DollarFXCM

Description

⋅ Nov 24, 2016 7:49 PM

This is my best guess at the price action of gold over the next 4 months.

Key Level
1172.65
(breaks and we go to 1 on the weekly fibo-fan level - year end)
(bounces and we go back to the weekly 1.236 fibo-fan level - March 2017)

Comments

travelingpm

⋅ Nov 25, 2016 12:38 PM

We bounced from the 1172 level...happened a lot faster than expected, but we may see a retest today.

Parabolica

⋅ Nov 24, 2016 8:18 PM

Parabolica

⋅ Nov 24, 2016 8:16 PM

travelingpm

⋅ Nov 24, 2016 10:19 PM

@Parabolica, Nice Charts! I assume your targeting 1120? This is style is still a bit new for me.