2lalit
Long

GOLD ENTERED INTO TIME TO CLOSED ABOVE THE HIGH

FX:XAUUSD   Gold/U.S. Dollar
90 0 8
Gold             is currently moving in the window of TIME TO CLOSED ABOVE THE HIGH, starting from 2016.05.30 until 2016.07.04 which can be extended up to 2016.08.15, after the gold             price passed of 42D TIME TO CLOSE ABOVE/BELOW FIBONACCI LEVEL (From 2016.03.07 until 2016.04.18) and 42D TIME TO CLOSED BELOW THE LOW (From 2016.04.18 until 2016.05.30) and the gold             price looks like still surviving to move above 0.50 Fibonacci level ($1165). The time template can be found at this link (https://s3.amazonaws.com/tradingview/snapshots/y/y3mNsu9x.png), where gold             price is likely to move within the time window of 133D Bullish Construction Area which will expire at the end of the week of 2016.08.15.

This week the gold             price is expected to experience turmoil, because this week to coincide the end of 42D TIME TO CLOSED ABOVE/BELOW FIBONACCI LEVEL ($1175/65), if the price of $1304 High 2016.05.02 used as a reference point (2016.05.02 + 42D = 2016.06.13), therefore this week is expected became the scene of a fight between bulls and bears.

Technically in my view, gold             still have a positive outlook as long as moves above $1190/75 and be neutral if move between $1190/75 and $1145/35 and become negative under $1135. There for if there is a weekly closing price in the meantime under $1190/78, the gold             price likely to test $1145/35 and closed above $1307 High 2016.01.19, the gold             prices odds to resume the rally to $1322/33 and continue to test $1433 High 2013.06.26 if there is a weekly closing price in the meantime above $1322/33.

-- from the desk of newbie --



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