TANER YILMAZ
Short

GOLD PUNCH vol.3

FX:XAUUSD   Gold Spot / U.S. Dollar
186 5 1
Since 1361, i repeat again and again....

The chart is exacly the same as previous, just with updated levels.

I add sell zone. Target 1120... AFter a little retracement, i hope it will go to hell...
Why 1120 is the final law? why isn't 1080 or 1045?
Reply
TANER YILMAZ Mohamed Fathi
Why you are so impatient :) 1120 is the formation target ( H&S, app. 150 point, neckline @ 1270 ) . Then, let's see what happen. may be anather news, tapering, whisper, fat finger, data etc. makes target as 1080 or else. By the way, i did not say final law 1120...
Reply
Mohamed Fathi TANER YILMAZ
Yes you are right, you didn't say that, it's just me thinking that would be the final law in gold, what do you think?
Reply
TANER YILMAZ Mohamed Fathi
If gold keeps itself below 1430 area, then for me, target 1 is 1045 target 2 is 912... These are fibo retracements.
But, this is important, if 1120 happens, then i think it should be double buttom, then target is 1576-1656 area.
Thus, we will see, 1430 makes it horrible or 1120 makes it possible :)
Anyway, still it is not clear to be 1120.
Reply
Mohamed Fathi TANER YILMAZ
Thanks :)
Reply
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