for an explanation of the picture above, please refer to the Now, we are standing at a point $1,215 Bull Market failed to halt the decline, interpret that the bull market has been trying to hold a further decline for 5 days, but the price until last week seen can not be closed above $1,228 Bear Market Failed To Reach The Target and If viewed from the period of...
In my mind, each extremely critical support will definitely have a special construction and maybe we can see from the accident of 2002 as one that can be used as an example case. As one example in this regard is the SPX and SPY when it crashed in 2002 (it's just sample). Why? Because at this time, the construction of the bottom which is built by gold is almost...
Is it true that the information provided by "The Youngest" about the impending change in trend in the near future? I tried to compare it to what happened in The Oldest, when $1,525 damage. In the same week the price of gold dropped $45 ($1,525 - $1,480) with a weekly range $110 ($1,590 - $1,480) and the next week followed by a decrease $174 ($1,495 - $1,321). In...
Where we are when it happens? At least we have prepared the scenarios when the price near the point of $ 1,180 and of course we will determine the choice of whether to continue an existing role or change the role that is played from the beginning, either aggressively or conservatively. Some formations that have been formed, showed that the $1,210 - $1,155 area...
I see that a bullish reversal candle is currently undergoing of Performance Test. From The Desk Of Newbie
Today is the day is eagerly waiting, anything can happen to gold, whether continue decline or do a reversal. Gold is still seen moving in the correction of the channel impulse wave "X" ($ 1,178 - $ 1,392). Therefore, if in the case of the correction wave "Y" + "Z" is equal to the wave "X", then the end point of wave "Z" is projected to end at $ 1,195 (dotted blue...
The proportional posture of "The Youngest", in addition to the price level of $ 1,228 and $ 1,215, last seem at the level of $ 1195, slightly above the extreme point of critical support. We all are waiting to see what will happen with gold soon, of course, by preparing the best case scenario because no body perfect. From The Desk Of Newbie
The point of $ 1.228 as I said before in "The Inside Information Of The Oldest" is “The Youngest” average level of failure to reach its target at around $1,110/05 in the bear market, and the other side the point of $1,215 is “The Youngest” average level of failure to reach its target at around $1,110/05 in the bull market. Clear confirmation may be obtained if...
Each person will have his own views on the gold analysis, especially when dealing at the critical point, and when faced with a decision. Because I’m a newbie, regardless of whether my analysis is right or wrong, anyway this is my view today. "If price consistently sit on $1,238, then price tend to test $1,305/10 (at least to test the 2nd or 1st handle), to...
Look likes $1220/15 area will be test before $1180 and maybe the youngest is shorter than oldest. From The Desk Of A Newbie
If we agree with the Symmetrical BO level at $ 1280, then it is likely the bear takes a rest, because based on measurement the level of $ 1,247 is the level of failure to reach the target of Symmetrical formation or to continue to decline. I see that with the advent of Flying Doji candle or DIP in the Daily Time Frame under the wedge, that interpret the...
Interprets that trend is still down In my view, generally price is still searching for $1230/25 or $1210 with estimation pullback level, minimum @ $1258 and maximum @ $1265 Just want to see again, does it still right or not for to day. From The Desk Of A Newbie
Just want to see, its right or not to day From The Desk Of A Newbie
In my view gold is still in a bearish condition. Regardless of whether my cycle calculation is correct or not, but for me as long as it is closer to the result of the calculation it can be categorized correctly. I have calculated the length of the cycle of bear market that occurred from 2011 high ($ 1,920) to the 2013 low ($ 1,180) by using 0.62 golden ratio,...
Today is the first breakout session time prediction based on the calculation approach of Symmetrical Triangle formation that has been formed. Today everything can happen, whether the price will downward breakout or not. This time I still stand on my view, that sooner or later the Gold’s price will come in to the range $1,070 - $975 per ounce if we lost $1180. ...
Now we seen that $1275/80 as a pullback area and in Daily Time Frame looks like that price movements has tendency to form a reversal candle. My GPS showed that a determination of triangle formation interpret that the current price movement has a tendency to continue the downtrend. From The Desk Of Newbie
Actually, its depend on how our point of view. Gold has been struggling to survive for more than a year and I think everyone focuses on symmetrical formations that have been formed and I think all also know that the breakout may occur in any direction, upward or downward although in general have a tendency to continue the prevailing price trend. I do not quite...