Hi-Prop Reversal @ 0.80821 | $XAU $AUD $USD $NUGT $Gold #forex
PREDICTIVE/FORECASTING TARGET:
High-Probility Reversal at:
- TG-Lo = 0.80821 - 22 DEC 2014 = Predictive/Forecasting Model
TECHNICAL SUPPORT:
- Target comes in alignment with a historical R/S level in WEEKLY chart
- Fibonacci-paced retracement at 0.382 provides close-approximation with overhead structure at 0.86591
CHART ACTIVITY CORRELATIONS:
GOLD:
XAU, 
JNUG
Note that in recent chart, a similar bullish reversal expectation has developed. A rallying in this
AUD would maintain the historical positive correlation that exists with XAU and other gold-related ETFs - See XAU and JNUG charts in the links.
GEOMETRIC PATTERN:
Note also that the
AUDUSD chart (see link) has come to rest at a triple-bottom completion, following two parabolic pathway, one small followed by a larger, a pattern defined as a Bullish Kiss Of Death.
OVERALL:
AUDUSD favors a rallying at this level, based on structural significance (R/S level attainment best seen in a weekly chart), as well as corroborating technical features in positively-correlated charts, where rallying is also pending.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: 4xForecaster
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High-Probility Reversal at:
- TG-Lo = 0.80821 - 22 DEC 2014 = Predictive/Forecasting Model
TECHNICAL SUPPORT:
- Target comes in alignment with a historical R/S level in WEEKLY chart
- Fibonacci-paced retracement at 0.382 provides close-approximation with overhead structure at 0.86591
CHART ACTIVITY CORRELATIONS:
GOLD:
XAU, JNUGNote that in recent chart, a similar bullish reversal expectation has developed. A rallying in this
AUD would maintain the historical positive correlation that exists with XAU and other gold-related ETFs - See XAU and JNUG charts in the links.GEOMETRIC PATTERN:
Note also that the
AUDUSD chart (see link) has come to rest at a triple-bottom completion, following two parabolic pathway, one small followed by a larger, a pattern defined as a Bullish Kiss Of Death.OVERALL:
AUDUSD favors a rallying at this level, based on structural significance (R/S level attainment best seen in a weekly chart), as well as corroborating technical features in positively-correlated charts, where rallying is also pending.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: 4xForecaster
-----
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.