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LeoYao
Jun 24, 2017 8:26 AM

Long from red line or bottom of blue channel Long

Gold/U.S. DollarFXCM

Description

Long from red line or bottom of blue channel

Comment

almost approaching red line. see how next week.
Comments
investment6300
You see where this is going! Gold is more about cycles and sentiment!!!!! We going into ICL would be above previous DCL but above ICL start which was the turn into bull market Dec 2015 start confirmed Dec 2016 with Higer high of yearly cycle. This indicate cycles with half circles and image will give you crasg course to gold that small technical moves can be read otherwise you hace no chance to read it
investment6300
We in a bounce to 1260 for a short to the ICL that is due now to 1180 before it will go long . Failed breakout of triangle 4 year bear to consolidation by going back to triangle bottom if continue bull for possible triangle break. Each yearly cycle has ICL.
LeoYao
@investment6300, thanks for your sharing.
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