slippyman
Long

Another commodity dump before spike next year

FX:XAUUSD   Gold / U.S. Dollar
980 6 29
Similar to oil             and inverse to my DXY             idea, gold             is in a clear pattern for eventual break out early next year when I think we'll see a moajor market correction begin. This chart has stayed untouched as I drew it months ago.. fractals inside bigger pattern a very clear. Combined time frame momentum in my indicator below also shows momentum in a clear bullish swing long into the coming years.
may i know what indicators are you using? it is very interesting..
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its a charting method I developed myself and the macd variant of my own... is a macd combined with multiple time frames to show bias.
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So far, so good. Even Oct 4 ended up fitting into your model nicely. Very impressive.
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slippyman VirtualFax
Thanks :) Took the spec long at that low and work so far. Will scale back if it touches top of smaller pattern and scale up any bounce of that bottom level
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VirtualFax slippyman
Man, you might be onto something here. I know you mentioned in the other post that you are a busy individual and have a day job (in fact, me too) but sharing the bananas (knowledge) might bring you as much cash as the trading itself : )
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Hi slippyman, two weeks - no talk : )

I guess the golden banana is being put to a test at the moment. I'll be impressed beyond belief and will remain your banana theory follower forever if it holds and bounces off the lower pink border. : )

Btw, in accordance with the theory what are the implications of Gold going totally bananas and penetrating the $1,238 level (i.e. the pink banana) to a certain degree. Is the expectation that the lower border of the black banana should save the commodity from free falling into the bear market again?
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