1242 is XO90 level. Once reached cycle UP closes in current cycle and cycle DOWN opens with new transitions. If gold reach 1245.00 that is break in new cycle and it go higher. If you remember when I post idea about sell from 1220 I mention we could have Key pullback. And we pullback 40$ down. Now gold come to same situation, and can have a key pullback again. 2 possible Targets on chart. 31.01 BL12 transition wave L was incorrect (1193 ) so Gold may want to fill it and make correct Low. Good Luck.
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FYI:
Trade active
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Se how magically gold not tagging that 1245? With The fact that UJ and DXY lost the ground at one moment, gold would normally pop to it in seconds. Why it didn't want to tag it to enter bullish cycle? Maybe it wants key reversal?
If you make money from this, please take your time and donate to St,Judes hopsital for kids. Karma will send u more. postimg.org/image/w3sdqi2yf/
Don't take with both hands, but give some away too!
Good Luck!
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Close price today will tell a lot more. But seems that key reversal day from XO 90 level will be confirmed. If so will look for intraday sell entry again!
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50/50 right now. We may not get that key reversal. Seems there will be long signal to 1238 and higher. That is why I always take money, because you can't know what tomorrow can bring. Waiting for close price. If transitions prove to be right the way they are we will be long.
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Seems that 1242 will be willing to become a target for buy. Still monitoring but may be that this was just a small pullback.
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1238 almost came during friday like expected. If we are getting it on Monday and maybe even that 1242 the sell should follow afterwards for lower targets that gold left unseen and created Friday.
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After deeper transition analysis, seems that Brute Force could continue and we are getting our key reversal. Sell at the moment is looking Really Really nice, and we could finally get that 1206 and maybe even 1193 that I mentioned. But this looks super promising based on powerful BL12 transitions. Will update if that is confirmed.
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It can be that Brute Force is over. XO 90 now below Low. If so our key pullback is done today at 1227, and gold to new highs! Situation changes rapidly huh. Good Luck.
Weekly looks like there will be sell bomb sooner or later :) Shouldnt take too long i guess
Ilsurplay
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Amazing how it fall exactly at the question mark level :D
kaotic363
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Very Nice TP... I am out of all Gold & Silver longs from September as of now..
Seasonal cycles are topping out here (40-yr is Feb-9 and 15 year is Feb 23)