2lalit
Long

The Good, The Bad & The Ugly & Once Upon A Time When @ $1180

FX:XAUUSD   Gold/U.S. Dollar
290 0 6
Where we are when it happens?
At least we have prepared the scenarios when the price near the point of $ 1,180 and of course we will determine the choice of whether to continue an existing role or change the role that is played from the beginning, either aggressively or conservatively.

Some formations that have been formed, showed that the $1,210 - $1,155 area as targeted price and only one formation under $ 1155, following the formation as far as I see.

Symmetrical Triangle (red line)
With a Breakout had done at the point of $1,280/75, then this formation has a tendency to seek $1,175/55 area as a target.

Descending Triangle (blue line)
With a Breakout had done at the point of $1,240, then this formation has a tendency to seek $1,165/55 area as a target.

Unbalance Double Top (yellow circle)
With a Breakout had done at the point of $1,240, then this formation has a tendency to seek $1,170/65 area as the target.

Unbalance Triple Top (red circle)
With a Breakout had done at the point of $1,240, then this formation has a tendency to seek $1,180/75 area as a target.

Inverse Symmetrical (black line)
With a Breakout had done at the point of $1,240, then this formation has a tendency to seek $1,210/$1,190 area as a target.

And the latter is the formation of Left Hook (pink color).
Now, my attention was drawn to this formation, because some of the formations that have formed above doesn’t give to any change in trend in the near future, but this formation give such information if it is associated or found the same formation with the smaller/shorter posture than formations which previously been formed when the point $ 1,525 damage (to see the shape is almost the same, please see in this link : http://my.jetscreenshot.com/21013/20140909-osur-110kb ).

By looking at the targeted price is between $ 1,210 - $ 1,155 and the price action is currently dealing with a 3 point adjacent to the $ 1,180 extremely critical support, usually price movements tend to turn when price movements are closer to the point 3.

Is this right or wrong? no one knows for sure
when start to play ? At least the scenario has been prepared.


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