travelingpm

travelingpm

Custom Fibonacci Fans & Gartley.

travelingpm

Projecting a rise to 1430+ over the next couple of months. This study is based on fans with custom levels positioned at historical highs/lows and one forecasting fan (hidden).

travelingpm

That's the idea...

travelingpm

I believe we have a little bit more down then continuation of the bull. Top is 1390-1431, though 1431 may not come in 2017.

travelingpm Updated 

UJ Short for Cypher Completion

travelingpm Updated 

I'm seeing a bearish cypher forming on UJ at the moment.

travelingpm

If gold 0.48% breaks the 2011 trend, I think we could see $1480 by summer. There's no doubt going to be some choppiness as we test or break that trend. Tip: Back out of the chart to see the fibo-fan resistance lines since 2015 (formed by 2011 highs). I think we'll play inside this triangle from 2017-2019.

travelingpm

This is my current gold fibo-fan chart. We're back to bull, but if the current upward fibo-level fails, we could see a return to 1221. My other ideas on DXY and UJ point to this possibility. If this goes higher, I would target 1237 short-term (a Cypher pattern completed on 3/13, TP2 is 1237) Beyond that, I see the 1250 level a tough one to break for gold. No...

travelingpm

Possible bounce here on DXY. It may complete a cup and handle, but I'm betting on a push down after his rise. Wait for confirmation of bounce before making entry.

travelingpm

Possible LONG opportunity on UJ.

travelingpm Updated 

I'm sitting on the sidelines until there's a big move in gold. This could go either way, but it would make life easier if it continued with the 2017 trend.

travelingpm Updated 

I'm using this to trade gold, but also watching UJ closely as there seems to be higher correlation with GC at the moment.

travelingpm

Gold - Fibo-Fan Study

travelingpm Updated 

I'm seeing a Gartley on UJ, invalidates at 111.95. I'm not taking this trade as it broke one of my key fibo-fan levels. Maybe it helps in your case for entry.

travelingpm Updated 

DXY's recent low did not bounce from a major fibonacci level...rather just short of one. Based on two fibo-fans I'm looking at a further move down, first to 99.18 then to 97.80.

travelingpm

DXY Faking One Last Inverted HnS - Short DXY - Long Gold

travelingpm

This is my best guess at the price action of gold over the next 4 months. Key Level 1172.65 (breaks and we go to 1 on the weekly fibo-fan level - year end) (bounces and we go back to the weekly 1.236 fibo-fan level - March 2017)

travelingpm

Short Gold - Pullback to Previous Channel & Bearish Gartley Targeting 1200 or lower