Viking83

Movement in the circles

FX:XAUUSD   Gold Spot / U.S. Dollar
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.
Being in the bottom part of the consolidation channel normally is not a good sign :)
Reply
spike down?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out