2lalit

2lalit

If we look at the chart above shows the first handle of the cup during the period of consolidation up to now has not been touched (dashed red line) where the price has been stopped @ $1,345 to form the second cup's handle (dashed black line). I looked at that @ $1,392 and $1,345 tends to form a Double Top with a valley @ $1,240 with the possibilities for pullback...

2lalit

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...

2lalit

Now we can look at the chart the range of price movement of the Inverted Triangle (brown lines) are between $1310 and $1260. In my opinion at the $1260 level, at least price movement should have something to reverse the direction but seems limited only up to test 1270/80 to make a confirmation. I'll go long if any something to reverse at this level. If gold...

2lalit

I look at the Golden Cross and Death Cross also the Reincarnation of Golden Cross almost at the same price level around $1295, looks like sitting at zero point. It makes me think that Gold is still in a bear market.

2lalit

I look at the Golden Cross and Death Cross also the Reincarnation of Golden Cross almost at the same price level around $1295, looks like sitting at zero point. It makes me think that Gold is still in a bear market.

2lalit

At least that's what I can see from a newbie, Gold looks like locked under $1295/1305 where I look that gold forms a inverted triangle (brown line) with the upper limit of the price movement @ $1310 and lower @ $1260. On the other hand the red line I have called "scoop" where prices have entered a scoop areas with a resistance levels @ $1295 as a scoop lips and...

2lalit

Gold's price movements during the consolidation looks almost the same of formation as it did in 2011-2012. Although this is not so precise, but it looks Gold in the atmosphere is not so good. The mirror of the chart tell that Gold in bear condition.

2lalit

Gold's price has risen from $1,525 to $1,795 and then decreased sharply to $1,180, after $1,525 experienced a downward breakout and then Gold's price has limited recovery up to $1,435 within 2 months. This incident reflects that the price movement tends to form LEFT HOOK formation. In August 2013, price closed around $1,395, interpreting the LEFT HOOK formation...