Impressive rally since December... But on low Volume. I guess there will be a fight for the 1220 Region and maybe a surge till 1250 but my target remains in the 1040-1050 region for Q1/H1.
A possible cypher pattern in the hourly chart. Price is near the top of the regression channel plus near 38.2% fib retracement of the longer time frame. Expecting the highest of 1221 before pulling back to the completion of the pattern.
Based on previous posts, all of which have hit their targets, harmonic analysis uncovers yet another trend. This one, although unthinkably optimistic, still needs to be discussed.
Should prior prior support at 1223, end of April and May, be breached. AND, minor peak at 1236 in November be exceeded, then upward momentum could bring bulls to 1282.5.
Jan 17 16:00 AEDT
Detail is within the chart.
I prefer the Upper sell zone around $1220 so the strategy would
Short x 1 1215-1212
Short x 3 1222-1218
Then when it falls
Short x 1 1215 -1212 again
Stop 1226 ... Ouch!
TP#1 Buy 3 x 1200-1205
TP#2 Buy 2 x 1180-1185
Remember you are all adults. Do your own analysis
withe the fed minute today we will be on a vibe of interest hike so for me the red scenario seem more probable than the blue one . 1200 will be a good resistance and my num ber is still 1095 to 1075 for a secure entry 1200 is shortable and 1032 is buyable
My analysis of GOLD using Fibonacci, Gann and Tesla theories shows GOLD held at a critical Fibonacci level and is setting up for a 25%++ run to near $1400 by July 4th~14th, 2017. In reality, the move could be much higher given the range of Wave 1 - with an overall objective near 1674.
