bicktash

Bar chart based gold price navigation

bicktash Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
42
The rectangles are clusters of interest drawn from available PA to time=0 (1970) on different time-frames, recent channels are background colored.

Blue is relatively older with range of 1380-1040 (2015) from the recent green and red(2016).

Magenta is the channel of interest with top of 1880 and bottom of 1040 (from 2011).

Comment:
Current 5 weeks trend suggests confirmation for 2017 channel coming soon. Will keep updating as needed. Trade wisely.
Comment:
important weeks have come. the red dreaded line.
Wish you all prosperous trades
Comment:
Right at the inflation adjust TL. Rocket zone is just a tick away. Probably 1780 borderline.
Comment:
Above 1725 on weekly is significant. Eyes on week close 18-22 May 2020
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