In my previous video on gold on Oct 27, we established that we would expect price to find the top at 2790 with a directional vector of 1055 units, an octave expansion (2.016) of the 2019 bull market that led to the Corona crush top. We compared the similarity of the 2020 crush to what was to come the following week.
Today, we will examine the possible change in price direction if the market continues to follow the same fractal pattern.
Should the 2600 major price level hold, expect a quick price recovery towards 2875.
The 2875 resistance top should be the top of the first sub-cycle within cycle 3 (current cycle).
This should happen in the same week as Christmas.
Today, we will examine the possible change in price direction if the market continues to follow the same fractal pattern.
Should the 2600 major price level hold, expect a quick price recovery towards 2875.
The 2875 resistance top should be the top of the first sub-cycle within cycle 3 (current cycle).
This should happen in the same week as Christmas.
Trade active
If the current fractal doesn't change, which is unlikely, we expect Gold to rally this coming week—another golden opportunity to get in.
Note
Trade safe. Check back for more updateNote
$2857 Next. Perfectly as I expected. The Alternation of 23rd expected a top as being the bottom was as a result of the speed of the cycle. The good news in Gold's set to make an all time high. Bears in despair.Trade closed: target reached
$2857 Next. Perfectly as I expected. The Alternation of 23rd expected a top as being the bottom was as a result of the speed of the cycle. The good news in Gold's set to make an all time high. Bears in despair.
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Related publications
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.