archawal

archawal

day 3 - I am now using the pf to see what gold is doing in mid to long term, at the moment its consolidating, expecting small range around here, its definately ping pong between this 2 big trendline forming a flag.

archawal

i forgot to publish this pf, ths is day 2 of the pitchfork experiment, according to the fib im looking at 69-97 range today, i had make a few adjustment from my previous pf because theres some lines it didnt touched.

archawal

todays analysis using pitchfork, im not going to trade today , just testing my analysis.

archawal

dont follow, its my reference

archawal

will this retracement end soon? with Elon invested in Bitcoin, will his company TSLA follow the rally?

archawal

when it breaks 1850, I'll be looking at pullbacks to add my longs,

archawal

awaiting confirmation on the blue support line, if gold can get to 1845ish, it will invalidate fib retracement, of which also a completion of a triangle, forming what looks like a pennent. max 1950. if the fib retracement are valid, and gold breaks the blue support line, we will see more down price, a continuation from august which would see 16xx level before...

archawal

after it broke out of the 3 months trend set from September, we will expect some kind of correction and in the next 2 months it will adjust. and as it near the 3 year resistance line it will follow along this line for a few month, so we will expect 3 month of bull if this is the case. breaking this support line will open up 1400

archawal

im trying to work out where gold will lead us in the next few months. here's a draft lol

archawal Updated 

my quick strategy before US opens today

archawal

if gold still following the trend is setting itself should touch 1930 from now to next week, if there's no breakout, we will see 1800 again

archawal Updated 

for reading only, use at your own discretion after my first attempt at predicting gold movement, this is my second:- judging by the gold movement yearly and monthly I deduced that the high on September to be the peak for another few years if the traditional money movement still valid, if not we will probably seeing something different from what I deduced here...

archawal

this is my idea, please do not trade using this, if you do, do so at your own risk. this is a scenario if gold respect the trend in the past decade, although I remain sceptical in regards to how far gold price could go, I still think bitcoin is going to replace classical money (see China crypto) and the move to full digitalisation of the world. but we do see...

archawal Updated 

it is just a quick comparison of patterns between 1991 and 2020..... both have an exponential increase and being overbought and spiked....and then the following few years after 1911 we see a downtrend all the way down to 10xx. Gold peaked at around 1920ish back in 1991 and comes again in 2020 at 2070ish. Now let say it has a pattern.... this would means gold...

archawal

my second showing if the gold news turns out to be bearish... but what if ; it does the same August performance? and if pro gold won the US election. first we have to look back why there was a surge of Gold. and if the investors will use the same tactic for hedge (again look at crypto which might be the new hedge instead of gold) but hey this is just my...

archawal Updated 

after yesterday's performance of gold, I deduced that the next test of 1970 if it succeeds will see a lot of buyers buying gold before the prices goes up even higher. But if the gold run failed to break 1970, it will actually dropped below support, most likely the new one will be 1880 with the resistance being 1920. but this is just my hypothesis, it might or it...