JohnLiv

Watch Gold over 12 month's rate of rise increases momentum 2K+

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Following on from previous analysis, (links to charts below), Gold is following my projection Beautifully and as my method users the fractal theory I also see movement that is reflective, of the last highest high in 2013, my analysis is very much based of this theory on long term charts. I do see before the end of the Year, (mid late December), if not earlier a high above 2000, possible 2200.
The areas to look at over the midterm are 1647, 1683, 1722, 1748, 1783 and 1795, as can been seen from the chart a 100+ pip retrace is immanent but could come anytime between 1647 and 1726, the latter being the most probable.

To make full use of this chart please reference the charts in the link below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.