2021 GOLD Monthly Chart follows 2012
2021 
GOLD Monthly Chart follows 2012
On this chart you I am using the builtin "MA Exp Ribbon" indicator found on the Tradingview Toolbar
and "Bars Pattern" Drawing Tool.
I find it ironic the years are transposed 2 and 1 for those into numerology ... 2021 vs 2012 ...
but looking at the monthly chart we can see the fractal pattern (ghost bars) cloned from
2012 to 2014 looks like a perfect match.
Forecast/Bar Clone is laid over a Fib Retracement to show potential levels of support and resistance.
Based on the Fib levels, can see the following possible forecast:
Not financial advice, etc... purely speculative idea of possibly playout.
Best of luck guys.
GOLD Monthly Chart follows 2012On this chart you I am using the builtin "MA Exp Ribbon" indicator found on the Tradingview Toolbar
and "Bars Pattern" Drawing Tool.
I find it ironic the years are transposed 2 and 1 for those into numerology ... 2021 vs 2012 ...
but looking at the monthly chart we can see the fractal pattern (ghost bars) cloned from
2012 to 2014 looks like a perfect match.
Forecast/Bar Clone is laid over a Fib Retracement to show potential levels of support and resistance.
Based on the Fib levels, can see the following possible forecast:
- a possible bounce from 0.50 Fib level of $1617
- back to 0.78 Fib $1883 (est Sept 2021)
- then descending down into 0.23 Fib $1300 est. Nov 2021.
Not financial advice, etc... purely speculative idea of possibly playout.
Best of luck guys.
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.
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.