MEGALO1

(((My Seven day Old Gold Chart still holding TRuE )))

Short
MEGALO1 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Yes it's true this Gold Chart was constructed over 7 day's past and it is probably the best chart Bar none on the trading-view platform demonstrating Gold's prognosticated price movements !! I really hate tooting my horn but facts are fact's !! Yes i posted it numerous times in the Gold Chat Room since 14th of September . :-)))))))) yes i'l give this smiling face 8 mouth's since it was constructed nearly 8 days yonder !! The only modification i made to this construct was the green & purple arrows with possible target lines that was done yesterday less say 18 hr ago.

Yes this is what i envisioned for Gold price action yes from over weeks ago .

My Gold Chart has been trending with a negative Bias since the Aug 8th yes it did break out of trend but the trend went sideways not up. The trend dipped back below trend on 21st Sep. yesterday and came back above trend yesterday as well and has been riding on top of trend line ever since.

I believe this trending pattern will continue like it has since Aug 8th until solid evidence points to the contrary. As Always Good & Fruitful Trading :-) Megalo >
Comment:
Yes the trending pattern is still the same Gold's price action is Right on Top of the long Blue Trend Line just like i suggested over 18 hrs. past ! :-) Gold's still trending with a negative bias i do believe it will need a healthy retrace before turning bullish bias again ??? I'm thinking a pullback of $1735 would be sufficient enough to give it that equilibrium needed to blast higher once again. At this time i will be in the bullish trade perspective flip flopping my trades as the tide changes.
Comment:
10:45 pm comment above 9/22/2020
Comment:
Gold has breached my bottom trend line & day old chart still holding true which is a nine day old chart now! This price action for Gold is very bearish indeed!
Comment:
tht's seven day old chart instead of & i was typing in the dark :-)
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