Another commodity dump before spike next year

FX:XAUUSD   Gold Spot / U.S. Dollar
1020 6
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.
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?
So far, so good. Even Oct 4 ended up fitting into your model nicely. Very impressive.
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
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 : )
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.
may i know what indicators are you using? it is very interesting..
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out