faylee

Price Action Analysis for Wave one

FX_IDC:XAUUSD   GOLD / US DOLLAR
990 14 33
5 months ago
see the chart
5 months ago
Comment: If $1120 be broken down, will possibly go below way:
I quote Ken's chart.
snapshot
4 months ago
Comment: Trump may change the trending of Gold...wow~~
If Trump Win, & No Rate Hike in Dec.
3 months ago
Comment: This chart updated by Ken for long term view:
snapshot
FxMath
5 months ago
Hello,
Reply
FxMath
5 months ago
Can you please explain your prediction is based on which model?
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faylee FxMath
5 months ago
That's my own model
+1 Reply
pmcllc PRO
5 months ago
January 2017 seems to be an interesting month
+1 Reply
faylee pmcllc
5 months ago
hello, why? could you share with me?
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IvanLabrie PRO
5 months ago
I think this is the most probable outcome Fay Lee.
+1 Reply
faylee IvanLabrie
5 months ago
aha,you agree with me?^.^//
+2 Reply
IvanLabrie PRO faylee
5 months ago
Yes, I think there are too many enthusiastic bulls for a rally to continue, potential for a rate hike in December, and massive commercial hedgers short positions as reported by CTFC, so, the rally is probably in a coma for now.
Reply
faylee IvanLabrie
5 months ago
yes, always buy the rumours, sell the news
+2 Reply
eyeshot
5 months ago
This chart was made on the 7th october. One should take into account that there are two options: red and blue

https://picload.org/image/rdocprai/7.10.2016.png

+1 Reply
faylee eyeshot
5 months ago
thank you for your sharing:)
Reply
yyunhong
5 months ago
faylee, I agree with your model on the general direction for Gold but I am looking at the coming 2 weeks for the inflexion point for gold.

In the upcoming 2 weeks, we have the 1) US Q3 GDP on Oct 28, 2) US Fed meeting on Nov 02 that I would think are the 2 events which will drive gold prices for the next 4 weeks.
+1 Reply
faylee yyunhong
5 months ago
hello,yyunhong,yes, they are important events, but i think what ever the data is, the market will finally back to follow it's core logic, the currency policy, not only USD but also EUR, JPY, RMB,,etc.
+1 Reply
Very very good, I like how insightful you are the way you look at the buyers and sellers !
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