DrAMohammadi

PITCHFORK ANALYZE OF GOLD

FX:XAUUSD   Gold/U.S. Dollar
553 5 5
Pitchfork Analyze of Gold             in Weekly
See X Point and Reversals....and.....

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ron.jaenisch
2 years ago
Pitchforks are great, I wrote the books about them. Google innovative geometry. Oh yes and be sure to check out my new Andrews pitchfork indicator.
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DrAMohammadi ron.jaenisch
2 years ago
thanks. please send links of your book and indicator...
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motleifaul
2 years ago
Than you for this study which shows an unusual picture but very impressive. This study may indicate that we could reach the blue pitchfork line before continuing downwards. I drew a pitchfork from the first bottom and receive a suggestion that we may have seen the intermediar top already. This is supported by the simple trendline and the Ichimoku cloud.
snapshot
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MyChart
2 years ago
Very good....
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motleifaul
2 years ago
If we draw the pitchfork from the last top, i.e. 1920,80 on 2011-09-05 then we get the following picture:
snapshot

So Gold has room until 1391.
Your chart indicates that we are on top now and expect a downward correction from here or would exceed the pitchfork.
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