Gold _ Spot _ / U.S. Dollar _ OANDA _ Distribution _ Prices_ Quarter_ 3 _ 2024.
Distribution price: $2,404.869
Chances are very little to touch the following higher numbers, $2,431.970, $2,446.026.
The above distribution create a bearish Head & Shoulder pattern.
________________________________
Overall + some Facts:
After the above distribution prices ( Stage 2 of global Market ) Gold will drop to the following area after the (Above), distribution price for the purpose of repeat cycle = Otherwise market will not exist! Fact + Logic!
_______________________________
Retest as follow :
$2,266.910
$2,236.214
$2,195.122
This should be the lowest, $2,152.050, However, there is one area it may drop if support not confirmed at the first ( Above) lowest which is $1,985.162.
_______________________________
Now lets talk about some facts and not indicator or IF & WHAT language.
Facts:
(1) During the previous year, Quarter 3, July support was confirmed over June (Quarter 2), there is a correct retest was done but pay attention carefully that retest is not for June period, that is for Quarter 1, March week 3 over the Feb period. We market Red as $1,985.162.
(2) During year 2023, Quarter 4, 1st week of December, a support was confirmed over Quarter 2, May , week 1, there is a missing retest over this period. Red mark over the level of $2,088.496.
(3) we go upper level area now, meaning year 2024, Quarter 1, 1st week of March support was confirmed over the previous year, 2023, however, there is a missing retest at the level of $2,152.050. Red mark for this level!
(4) Quarter 1, 2024, March, week 2 support was confirmed over week 1 again a missing retest at the level of $2,195.122.
(5) Same month, but Week 3 over week 1 &2 are missing, the level of correction require at the level of $2,164.171.
(6) Quarter 2, April support over the March period is missing at the level of $2,265.859.
Remember, repeat cycle and Retest is = To the 11:59 _ pm did not move to 12:00 _ am and we remain the same day!
Distribution price: $2,404.869
Chances are very little to touch the following higher numbers, $2,431.970, $2,446.026.
The above distribution create a bearish Head & Shoulder pattern.
________________________________
Overall + some Facts:
After the above distribution prices ( Stage 2 of global Market ) Gold will drop to the following area after the (Above), distribution price for the purpose of repeat cycle = Otherwise market will not exist! Fact + Logic!
_______________________________
Retest as follow :
$2,266.910
$2,236.214
$2,195.122
This should be the lowest, $2,152.050, However, there is one area it may drop if support not confirmed at the first ( Above) lowest which is $1,985.162.
_______________________________
Now lets talk about some facts and not indicator or IF & WHAT language.
Facts:
(1) During the previous year, Quarter 3, July support was confirmed over June (Quarter 2), there is a correct retest was done but pay attention carefully that retest is not for June period, that is for Quarter 1, March week 3 over the Feb period. We market Red as $1,985.162.
(2) During year 2023, Quarter 4, 1st week of December, a support was confirmed over Quarter 2, May , week 1, there is a missing retest over this period. Red mark over the level of $2,088.496.
(3) we go upper level area now, meaning year 2024, Quarter 1, 1st week of March support was confirmed over the previous year, 2023, however, there is a missing retest at the level of $2,152.050. Red mark for this level!
(4) Quarter 1, 2024, March, week 2 support was confirmed over week 1 again a missing retest at the level of $2,195.122.
(5) Same month, but Week 3 over week 1 &2 are missing, the level of correction require at the level of $2,164.171.
(6) Quarter 2, April support over the March period is missing at the level of $2,265.859.
Remember, repeat cycle and Retest is = To the 11:59 _ pm did not move to 12:00 _ am and we remain the same day!
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.