Gold may have topped, unless bulls can hold $3,322.95
Looking for minimum first Target zone $3258.64-3259.57
After a bounce we may see another leg down to $3222.15
It topped "for good" then we will quickly hit major support $3062.69-3082.58
.
Previous Analysis that caught the last Bounce at $2,964 EXACTLY:
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Looking for minimum first Target zone $3258.64-3259.57
After a bounce we may see another leg down to $3222.15
It topped "for good" then we will quickly hit major support $3062.69-3082.58
.
Previous Analysis that caught the last Bounce at $2,964 EXACTLY:
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Trade active
BOOM1st Target Hit EXACLTY
.
Zoom in (m1)
We should get a Dead Cat bounce here.
But looks like we will continue to lower.
===================================================================
.
Trade closed: target reached
BOOMSecond target Hit, $3,222.15
.
$3,222.15 that is, and EXACTLY
That is a PING, as in "Give me a Ping Vasilly"
One can almost HEAR that hit on the dashed fib.
That dashed fib is a Golden fib, so very strong.
.
Thus I have closed the remainng shorts.
We should get a bit of a bounce here.
I will post a new Idea once I see the reaction.
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.