This will be a long description, but I need to make this.
I can be wrong, and it is only fine, at least I am trying, but my thoughts are that this is it!
Gold did it's business down there, and now it want's to go up!
First of all take a look at this guys!
In this idea I told you that gold has to break 1274.00 100% line by 10$ to break it!
Look at Highest level Friday!
1284. Why not higher or lower? Well because it just had to make sure it breaks that 1274 and opens new phase upside. 10$ right away.
After breaking these 100% lines there is a bounce downwards but small one. I am expecting the bounce down to 1265.00, you know why:
Transition should be reached!
As well I contacted a guy from Iran who studies JAFR trading and knows a lot more than me. He said that on Gold you always how to count - / + 5$ from targets, so that being said knowing the lowest 1241 we can say 1238$ is reached, but I always want everything to be pip in a pip! But JAFR suggests that target is seen.
As well I made this idea while ago suggesting you to Join the Gold Cartel.
And last but not least Transition behaviour this las week was all seting up for upwards movement.
Remember my last Idea with name Market Makers Dream Dump n Run.
I had this feeling starting from Monday that Transitions ar setting up for upward movement and deleting all downside targets. And then Thursday evening when seeing these levels I got a feeling that Friday will be a Dump ( You saw the quick and powerfull dump to 1261 ) n Run day. And it did happen.
Gold made sure that its business down there is done and it wants to go up.
And last thing I want to point out to a guy Persesus here.
However, I'm looking forward to your analysis on the day of the interest rate decision when gold either sells off or gets bought up like crazy. Excited to see how you spin that one as a purely technical event!
All I can say Perseus boy, watch this now. I don't know what will be NFP numbers. I don't know what will be Interest Rate Decision, I don't know who will be the President of United States of America, but all I can say that Technicals point out upward movement on Gold now, so watch all these Fundamentals filling technical direction later!
All I can say Guys, I think I will do my first buying soon starting from 1265 area and hold that and add more as gold goes up!
I can be wrong, I can be very very wrong, but I am saying what I am seeing, and if I am wrong, well, I just move on!
All I can do is risk Reasonably!
Look at this guys!
I made this when october started:
### As for next month, it seems that this time gold could go even lower than it did before. If we saw 1302 some time ago, it can be that gold makes new fresh low more than 1302. So new fresh low was 1241.
Let's see what picture we get for November overall!
October 31 after NY close.