For each peak of the descending triangle, each fib was hit, then fell back to the succeeding fib line, until where we are no where gold is ranging in the last fib zone. Short time. Gold will probably start plunging back to last strong support. First we will hit 1790-1810, before the reality sets in for the bulls.
Conversely, if the news is bad enough and bulls are feeling lucky enough, maybe the resistance could be beat and we find ourselves ranging higher and higher. B)
Conversely, if the news is bad enough and bulls are feeling lucky enough, maybe the resistance could be beat and we find ourselves ranging higher and higher. B)
Note
btw this is the low and high on the three month before the descending triangle. makes sense or it doesnt, but we are in for something goofy soon.
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.