2lalit
Long

THE 2nd ROUND OF TIME CLOSED ABOVE THE HIGH & THE POTENTIAL LOW

FX:XAUUSD   Gold/U.S. Dollar
119 0 3
PRICE HAS CLOSED ABOVE $1307 HIGH 2015.01.19 AND $1345 HIGH 2014.07.07 IN THE FIRST ROUND OF TIME TO CLOSED ABOVE THE HIGH, COULD IT BE CLOSED ABOVE $1392 HIGH 2014.03.17 AND $1434 HIGH 2013.08.26 IN THE SECOND ROUND ?

Using assumptions as my previous analysis, I still see that the possibility is still valid, at least to test the $1392 High 2014.03.17 or $1434 High 2013.08.26, as far as the price still move consistently above $1322 until THE END OF SECOND ROUND (2016.08.15)

$1046 LOW 2015.11.30 and $1200 LOW 2016.05.30 POTENTIALLY AS LOW FOR 2015 AND 2016
1. If you look at my previous analysis of EW 11 Year Count Down, year of 2015 is the ESTIMATION LOW and A BULLISH SIGN, then $1046 LOW 2015.11.30 is become the POTENTIAL BOTTOM.

2. Using my time template/time line, I see the level of $1200 LOW 2016.05.30 is a very important level, where this level also could potentially be a second Bottom after the first Bottom at around $1046 :

a. Within 77D of Collapse Area, Bears are not able to depress price to collapse but on the other hand Bulls is able to perform the recovery and inverse (here the chart)
b. Within 133D of Bullish Construction Area, Bears are not able to push the price to move below $1200, but on the other hand Bulls is able to push the price to move above $1307 High 2015.01.19 and $1345 High 2014.07.07 (here the chart).
c. The new time template approach shows that $1200 LOW 2016.05.30 tended to be a second Bottom and 231D are a new of Bullish Construction Area (here the chart).

However, it's all just my approach, true or not only time will show later.

--- From The Desk Of Newbie ---
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