pixi

Forecast with Gann / Harmonics / News

FX:XAUUSD   Gold/U.S. Dollar
789 2 22
2 months ago
Hi,
You know my bearish view on gold             since the top at 1375 (short open at 1373).
My Short Term target is $1171, the 0,618 fibo retracement of the bullish rally started in december 2015.
I'm expecting a high volatil Q4 with the US election in 3 weeks and FOMC decision in december.

I'm studying gann also since 5 years which helps me to confirm some position on harmonic pattern .
So i tried to find some points of interest with gann / fibo / harmonic pattern and News (especially US news, because market is reacting only on US News, the markets don't care about fundamental) for the next weeks until february 2017.
All is in the chart ;)

The completion of this likely bullish gartley could confirm that gold             has reached a strong support at 1047$ and will be maybe a good option to buy in early 2017, around $111x

I know this exercice is perillous but thanks to TradingView, i can store easily my setup and reflexion. This will be my roadmap to focus myself on these important date and prices. I'll try to update this idea each month.

Thanks for your support !

P.S : many traders think that if D. Trump wins US Election, this could be bullish for XAU . So if the chart is right, Trump Wins ;)
a month ago
Comment: Change of price movement but same target
Bull rally retracement still in progress

Related Ideas

albertwt
2 months ago
Thanks for the sharing Pixi.
Hopefully when it is really happening according to the plan above, December and January is the good time to buy Gold :-)
Reply
pmcllc PRO
2 months ago
i like the 1116 price target
+1 Reply
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