Now that I'm kind of exercising and fantasising around, let me tell you gold's fortune on the chart. 2017-2018 projection I see is exciting.
Gold has seen 1022 recently and some think it's THE bottom. Although it might turn out to be true, I still see some room left for the bottom to print:
1117 is the 0.786 fib level,
1090 area is the big ass trendline border
1084 is the 0.886 fib level.
Bonus: EMA(144) support!
So I won't be surprised to see one of those levels soon, before the BFL (big f*** long) begins. But if it has already started, let's not waste our times and hop on the train; I'll be trying to confirm if we are done with the 2nd wave.
Please comment and share your own ideas here, point out where I might be wrong or let's celebrate togather if your own studies coincide with mine.
Gold has seen 1022 recently and some think it's THE bottom. Although it might turn out to be true, I still see some room left for the bottom to print:
1117 is the 0.786 fib level,
1090 area is the big ass trendline border
1084 is the 0.886 fib level.
Bonus: EMA(144) support!
So I won't be surprised to see one of those levels soon, before the BFL (big f*** long) begins. But if it has already started, let's not waste our times and hop on the train; I'll be trying to confirm if we are done with the 2nd wave.
Please comment and share your own ideas here, point out where I might be wrong or let's celebrate togather if your own studies coincide with mine.