1300 The Gold Target.

FX:XAUUSD   Gold / U.S. Dollar
3171 20 29
Gold             prices hit bottom - 1157 price support level and we do not expect to fall.
Gold             should go upward and reach at least until 1247.
1215 resistance will be broken next week. It is a fact that the decline is over.
The next few months gold             target re-entry into the channel in 1300.

Hi Dear Professor, Thank you for this analysis.
+1 Reply
Hello . very very good ... Thank you for this analysis.
Mate the minute, minor and intermediate EW cycles are showing possible further down. Do not know if you believe in Elliot theory but that is what it is showing at least. Why are you stating it as a fact the decline is over pls? thanks
ZarNegar alvin.cardona.77
I do not believe in Elliott and Fibonacci just my opinion
Gold fell below the oversold regions. and It was stupid of gold.
+1 Reply
what happened to that analysis: isnt available
Opportunity for sale
ZarNegar mucahit06
That pattern was canceled . Because it did not rise until 1247
Gold must be removed from the oversold area but not out

Now the pattern has changed and can not continue to fall
The previous trend is finished and now, gold should start a new trend
+1 Reply
Hello Friend,
With US Fed interest rate hike in the perspective. With any Positive news for Dollar, gold is expected to touch new lows. Two possible chart formations are expected here. One is a double bottom testing at 1132 level and /or a Head and Shoulders pattern with a pull back rally to the second shoulder. 1178.06 could be the immediate fib retracement. Fall from 1178.06 would confirm further direction????.

ZarNegar sekhar69
I think the gold back to the 1203 level at this week.
Gold jumps quickly and does not allow to create a double bottom.
Wait and watch the gold rises rapidly until 1215.
+6 Reply
Hi friend, i was watching the weekly, and noticed that the stochastic did perfect cycles from top to bottom, in the recent years of the bear market, currently it shows that there i more downside, backing it with recent seasonal trends, gold tend to decline until mid/late April, been the case for some years, also it broke the major trend-line(if you draw a line from the lowest nov to the low at januay) signaling a trend shift,. How can you be so sure that there will be a bounce here?
Sharky8899. Sharky8899.
But one thing you have going for you is that the COT reports, or the last 3 shows that the commercials are taking the opposite side now, going from huge bears to covering shorts and going long. Only time will tell if the commercials are to powerful.
Good call on this one, I closed my short position when I saw your prediction and the reversal begun immediately after!

1215 is a big climb for just two weeks, do you expect a steep rally in coming days?
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gold 1155 -1143 coming
sheikh.khawar.3 sheikh.khawar.3
gold only buy after july
What would be SL is opening buy now inside the green triangle?
cool cool cool...many thanks. i just bought some gold but it goes down...panic panic ..... :)
nice! does this also indicate that the US dollar index will begin it's downward trend move?
Bluetradingfx kasey.elliott.7731
it started indeed :D right now i will start buying gold the dip and selling us dollar every top
Hi ZarNegar, is this analysis still valid including that low was rejected from below 1157 actually? thanks
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