2lalit
Short

Symmetrical Breakout Time Prediction

FX:XAUUSD   Gold Spot / U.S. Dollar
235 0 1
After 14 months moves consolidation, Gold             appears to be still moving in a Symmetrical Triangle formation area and Gold             is likely to move between $1,280 - $1,260 in the ahead of the NFP data release in this week.

I tried to calculate the Breakout Time Prediction based on a Symmetrical Triangle formation which is formed and there are 3 alternatives Breakout Time Prediction :

1. First Week of Sept 2014,
2. End Week of Sept 2014, and
3. End Week of Oct 2014.

On the other hand I also tried to calculate the bearish swing cycle, started from Sept 2011 High ($ 1,920) and ended on June 2013 Low ($ 1,180), the next cycle for bullish is starting from June 2013 Low ($ 1180) and ended in July 2014 High ($ 1,345). According to this calculation, Gold             is actually in a bear market.

Does NFP data release would create a bloody gold             and collapse ?
I guess at this time it is an event of economic data war.
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