“Trading is capital management under uncertainty. The red horizontal zone is the zone of uncertainty. Neckline levels are rubicons — thresholds where the market becomes clear to us. Don’t fear uncertainty. Learn to wait for the moment when everything becomes clear.”
Right now, gold is forming an upward trend. But as we know, every trend consists of impulses and corrections — and each of those is a trend of its own.
According to Fractal Reversal Law (FRL):
• Every structure ends with a reversal pattern.
• A neckline is always strictly horizontal and defined by the last impulse’s top.
• The MA100 tells us the scale we’re working with — helping us select the right timeframe to confirm.
🔍 In this setup:
• A potential reversal pattern is forming.
• The neckline coincides perfectly with the MA100 — a strong alignment of structure and scale.
• We also see early signs of MACD divergence, suggesting loss of bearish momentum.
Neckline levels: 3400 for a Double bottom and 3300 for a Double top.
✅ What to wait for:
• A full-bodied candle close above the neckline (not just a wick).
• This signals the end of correction and potential beginning of a new impulse.
🎯 Target:
• Measure the height from the neckline to the bottom of the correction.
• Project it upward from the neckline to estimate the first profit target.
Right now, gold is forming an upward trend. But as we know, every trend consists of impulses and corrections — and each of those is a trend of its own.
According to Fractal Reversal Law (FRL):
• Every structure ends with a reversal pattern.
• A neckline is always strictly horizontal and defined by the last impulse’s top.
• The MA100 tells us the scale we’re working with — helping us select the right timeframe to confirm.
🔍 In this setup:
• A potential reversal pattern is forming.
• The neckline coincides perfectly with the MA100 — a strong alignment of structure and scale.
• We also see early signs of MACD divergence, suggesting loss of bearish momentum.
Neckline levels: 3400 for a Double bottom and 3300 for a Double top.
✅ What to wait for:
• A full-bodied candle close above the neckline (not just a wick).
• This signals the end of correction and potential beginning of a new impulse.
🎯 Target:
• Measure the height from the neckline to the bottom of the correction.
• Project it upward from the neckline to estimate the first profit target.
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.