SUB 2000's in sight now for gold, the rally has been relentless for now consolidations have been 20+ pts then higher.
Since the last post my price range was 1935-1970 and currently at 1977, caution would be warranted at these levels, upside resistance 1970-1990 targeting 2010-2040.
1. From last post cypher in progress price target 2010-2040 price zone still in play, Once price objective is complete there will be a consolidation of about 65-110pts (+/-10pts) 1940-1910.
2. Once the consolidation takes place the between 1940-1910 the price should retest the 2040-2060 targeting 2100-2135.
3. Break out above 2060-2075 then upside price target= 2100-2135, 2195-2225 & 2265-2325.
4. 1615-2067=450pt(+/-), 2067-1810=250pt(+/-), 1810+450pt= 2260 100%
5.Near term price objective will be fulfilled could at current level 1970s or higher then a Price consolidation at 1940-1910 will be ideal however if price cannot be supported at 1940-1910 then lower price target at 1865-1840,price break at this point will target 1810-1800 and lower.
GREEN line depict current scenario where price objective completion at 2010-2040 then lower to 1940-1910 or lower to below 1865-1840 etc.
Blue line depicts likely upside move once price objective completion at 2010-2040 or from current levels price consolidation between 1940-1910 needs to provide support then next move higher will target 2060-2075 break out above then next price target= 2100-2135, 2195-2225 & 2265-2325.
Since the last post my price range was 1935-1970 and currently at 1977, caution would be warranted at these levels, upside resistance 1970-1990 targeting 2010-2040.
1. From last post cypher in progress price target 2010-2040 price zone still in play, Once price objective is complete there will be a consolidation of about 65-110pts (+/-10pts) 1940-1910.
2. Once the consolidation takes place the between 1940-1910 the price should retest the 2040-2060 targeting 2100-2135.
3. Break out above 2060-2075 then upside price target= 2100-2135, 2195-2225 & 2265-2325.
4. 1615-2067=450pt(+/-), 2067-1810=250pt(+/-), 1810+450pt= 2260 100%
5.Near term price objective will be fulfilled could at current level 1970s or higher then a Price consolidation at 1940-1910 will be ideal however if price cannot be supported at 1940-1910 then lower price target at 1865-1840,price break at this point will target 1810-1800 and lower.
GREEN line depict current scenario where price objective completion at 2010-2040 then lower to 1940-1910 or lower to below 1865-1840 etc.
Blue line depicts likely upside move once price objective completion at 2010-2040 or from current levels price consolidation between 1940-1910 needs to provide support then next move higher will target 2060-2075 break out above then next price target= 2100-2135, 2195-2225 & 2265-2325.
