DavoodWadi
Short

Gold Price and Time Squaring Using Fibonacci Numbers

FX:XAUUSD   Gold / U.S. Dollar
As an update to the previous post, 1201$ did act as a short term resistance, pushing the price back down to 1142 in a few days.

Now, I have marked the low at 1131$ as a Major Low for various reasons:
1st, because it has shown impulsive price action which we have not already seen since the Major Top at 10th of July.
2nd, because We've counted the Elliott Waves and this low was the end of the 5th wave and the top at 1220$ retraced 38.2%
of the whole bearish wave.

So if this is our new Major price extreme, we are going to change our anchor price from 1345$ to 1131$.

I have found the daily bar in 1st December 2014 a really crazy bar.
Here's why:
From the low at 1131$ to this bar's top, it is 89$ difference.
Also from the start of the downfall for Gold             , which happened in 10th of July, to this candle's date is exactly 144 Calendar Days.

It seems to be an example of squaring in price and time.

I have opened a test trade just to meet the lows.
If this analysis turns out to be true, we will be seeing new lows for gold             in the following weeks.

As always, I'll be happy to hear your comments.
And until next time,
Take care.
hi,many thanks.
tashakor davood jan.
tahlilet baray man khili mofid bod.
+1 Reply
Dear Aboozar,

Thank you so much for your comment,
It's really encouraging to be of any help.

Please, don't hesitate to give any advice or comment.
+1 Reply
many thanks Mr Wadi
snapshot


The falling oil price will reduce already-low inflation still further, and so may encourage central bankers towards looser monetary policy. The Federal Reserve will put off raising interest rates for longer; the European Central Bank will act more boldly to ward off deflation by buying sovereign bonds.
http://www.economist.com/news/leaders/21635472-economics-oil-have-changed-some-businesses-will-go-bust-market-will-be
montazere entaghadat va rahnamayi shoma hastam.
+3 Reply
A solid fundamental outlook you have Aboozar.
Do you have academic education in Economics or Finance?
+1 Reply
Ansari DavoodWadi
Master of Science in Mathematics and a Master of Economics.
and you please?
+3 Reply
Fascinating!
I'm seeing a potential Macro-Economic discussion here!

I'm majoring in Petroleum Engineering and Minoring in Economics. I'm looking to continue my education in Finance.
+3 Reply
Ansari DavoodWadi
very nice!!
karet doroste mohandes.
Energy economy is the best option for you.
which university??
+1 Reply
Thank you Aboozar,
You also!
Sharif University of Technology
+1 Reply
Ansari DavoodWadi
+++++++++++++++++++

agha ma mokhlesim
ma eradat khedmat bachehay sharif darim.
az ham sohbati ba shoma khili khoshhalam.
alan kojayi ,iran or US or ......?

+1 Reply
I'm also very glad to meet a knowledgeable man like you.
It's been a great pleasure for me.

I hope to hear from you again soon in your ideas or mine.
I'm currently in Tehran
Reply
Ansari DavoodWadi
man ham az ashnayi ba ostadi chon shoma khoshhalam.
omidvaram ke az estedad ,danesh va tajrobehay shoma bishtar estefade konam.
amirkabir university(math) and alameh (economic)
+1 Reply
Your modesty is admirable.
I have a lot of respect for Amirkabir graduates and Allameh graduates and you turn out to be both.
So 2 thumbs up and heads down for you.

I also hope we can work together to crack the code of the markets! ;)
+1 Reply
oil chart for sharif Petroleum Engineering
snapshot

+1 Reply
Good observation!
I also hope the trend line keeps the price or else we're in big trouble! :D

If it doesn't it wouldn't be surprising to see it meeting the lows at 34$ per barrel to form a flat.
Such patterns form quite often in market crashes like the ones in Dow or the recent Amazon crash.
Reply
I am short USDRUB, happy to see that your oil chart is on the verge of hitting trend line.
Reply
EURUSD, daily chart
snapshot

ba shoma bodan be man omidvari bishtari baray tahlile behtar midahad.
shrif un student = Genius
man ham be dosti ba shoma eftekhar mikonam , doste azizam .
az kolahet ham khili khosham miyad!!!!!
my phone is 09128284255
+1 Reply
Nice chart Aboozar khan.
Reply
EURUSD has stalled on the 0.618 projection of the 3rd wave, giving validation to your wolfe wave pattern.
Good luck on that!
snapshot
Reply
Salute and Gratitude to you guys, Aboozar and Davood
+1 Reply
DavoodWadi HamedAghajani
Bonsoir Hamed.
Enchanté.
Reply
Ansari HamedAghajani
hi hamed khan
eradat darim khedmate shoma.
+1 Reply
hi davood jan
snapshot

Reply
Dear Aboozar,

The wolfe wave you were trying to mark is bullish. Please check again.
Reply
Ansari DavoodWadi
many thanks.
chasham ,ostad.
+1 Reply
Shekaste nafsi nafarmayid Jenabe Aboozar!
Reply
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