$XAU vs. $WTI Complete Geo; Limited Downside For #Gold

XAUUSD/USOILICE

Description

⋅ Aug 30, 2015 1:06 PM

Synopsis:

1 - Price traces two interlocked Geos
2 - Smaller (BLACK) Geo completes its 5-point regimen; Aims for 1-4 Line (Wolfe Wave rule)
3 - Larger Geo is pending Point-4 & 5 in the 19.10/1844 range
4 - TWO bullish targets exceed 1-3 Line of larger Geo:
a -- TG-Hi = 36.20 - 30 AUG 2015
AND
b -- TG-Hix = 39.72 - 30 AUG 2015
5 - Bullish Target may align with Point-5 ectopia at 5'

OVERALL:

Interim decline is limited by the geometric parameters (estimating floor in the 19.10/18.44 range) with subsequent upside potential to levels above the larger 1-3 Line's Geo.

Best,

David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA

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Comments

4xForecaster

⋅ Aug 31, 2015 2:12 AM

30 AUG 2015 - Tech-Note: Daily Chart Insight

David

4xForecaster

⋅ Aug 30, 2015 1:37 PM

ADDENDUM: See recent predictive analyses and forecasting (click on chart for linking to analyses):

XAUUSD:

BRENT:

BRENT vs. USOIL - Relative Strength Chart:

BRENT (Old Analysis):

gbfx9

⋅ Aug 30, 2015 1:18 PM

thanks but this is a big terminologies, why not point levels with numbers of preferable place to enter for buy or sell. i don;t understand this terms very well. how i wish you make it simple for newbies like me.....thanks