FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The 1 x 1 line is pierced and as discussed previously, a close below this angle is crucial.
Also the base for the last square we saw was at 1703 level.

In the last video we discussed that the price-time vector has completed 2.0 expansion and
thus the current correction from 1765 to 1693 was just wave A.

Given that our 1 x 1 line is diagonal, the current higher low at 1693 is crucial to watch.
A close below it and the 1 x 1 line might see price fall lower.
Also we had the center of the spiral at 1682 which should be the last support, below it a medium term
bear trend is confirmed

Trade with care

Comments

Your analysis technique is by far the most interesting I have seen. Please continue.
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@tuncs, thanks buddy, most appreciated
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using your method, is it locate the changing point is around 15 July, the 0.618 place than going up ? how low you expecting to fall ?
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Platinum14 GoldTrader141
@GoldTrader141, First we need the daily candle to close below the line, and then below 1682
Next will be 1672. If the bear trend is confirmed I expect 1558 first and then 1534 levels

The vector ends between 699 days or 702 days, that is from 15th July to 18th July
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GoldTrader141 Platinum14
@Platinum14, thanks for your info . learn a lots
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look for your update thanks
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