1. At the end of last week (October 3, 2014), is a day that will probably be the end to find the next lower for the oldest.
2. The youngest may have formed its shorter stature, when prices were at the bottom, at around $1,183 on October 6, 2014 (based on the Daily TF), is slightly above the $1,180 Extremely Critical Support.
3. Based on the time line is illustrated by "The Mirror Of Historical Chart" which has been updated (https://www.tradingview.com/v/BwVCYa6N/), October 6, 2014 is the deadline for the collapse of gold and at least the price of gold can survive to move above $1,180 after NFP data release on October 3, 2014 and thus allowing The Youngest had a shorter posture.
4. There is a message delivered by The Youngest, that a meeting with The Oldest estimated at day 28 after $1,240 damaged.
From this message, then I mapped the day 28 after $1,240 damaged :
a. Based on Weekly TF
Damage date of $1,240 = September 08, 2014
Meeting date = September 08, 2014 + 28 days = October 06, 2014
And on Oct 06, 2014 look first meeting begins.
b. Based on Daily TF
Damage date of $1,240 = September 11, 2014
Meeting date = September 11, 2014 + 28 days = October 09, 2014
Where is the next meeting, to coincide with the date of the FOMC meeting
Does on October 9, 2014 which is the second meeting, The Youngest will give the same indication as the first meeting ?
I can only wait, what will happen to gold when the FOMC later.
From The Desk Of A Newbie