Viking83

Movement in the circles

FX:XAUUSD   Gold/U.S. Dollar
141 2 5
Gold             has a tendency to display high volatility within certain areas that are a function of price and time.
The chart is made by only 2 points: The top and the first intermediate bottom.
Our current position show that we are on the outer band of a circle. Looking back at 2013, there were a significant volatility when entering the circle, dropping fiercly. The next circle provided us access to above the neutral line. Entering the third circle, where we are now, provided us a significant rally upwards where the bear market is said to be replaced by a bullmarket by some. What will the final outcome of this circle be as we approach the end?

A guessing or analytical competition for the last week in the current circle is welcomed.
pmcllc PRO
2 months ago
spike down?
Reply
Viking83 PRO
2 months ago
Being in the bottom part of the consolidation channel normally is not a good sign :)
Reply
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