Gold could run up to 2173
Updated
Hi, everyone!
After re-reading some books, i realized that i don't apply Gartley's AB=CD theory and Gann Angle quite properly.
So i recreated this drawing, and you'll see 2173 was the top.
You should also see that manipulators readjust the chart speed and doing some bear traps.
Okay, so let's break it down...
1. The AB phase was started from 3-Nov-22 @ 1616 and lasted until 2-Feb-23 @ 1959-ish
2. The corrective phase which i coded with "=" was happened, it was 20 bars and It was lasting from 2-Feb-23 to 2-Mar-23.
If you analyze it deeply, 1.272 and 1.382 extension of 65 bars AB phase is the key exact reversal of 27-Feb-23 and 8-Mar-23
3. According to Gartley's theory, AB phase is equal to CD phase. So i did duplicated the line to maintain its angle and length, and we got area of 2170
4. Then i marked up some important Fibonacci Levels, then we got a very important area of 1960, 2018, 2056, 2114, and 2173.
I don't do a date prediction cause it takes a really long time. But, i will give yo my opinion on why 2018 level was the most important level..
MY OPINION ON 21 MARCH
2018 level would be the most important level because it is happening at 21-Mar-23.
By 22-Mar-23, i expect the fed will raise interest rates which cause the market down at least 5 days.
According to astrology trading, we should see a repeating downward trend cycle every New Moon,
which is statistically backtested and it proves that it got 97,3% probability.
So, that's the reason why 21 or 22 or 23 March was the most important area to see
So, the best strategy to do is...
WAIT UNTIL 1960 WHICH I BELIEVE THAT IT WILL OCCUR AT 31-MAR-23 - THEN DO BUY FULL MARGIN
Cheers, H. Haidar
After re-reading some books, i realized that i don't apply Gartley's AB=CD theory and Gann Angle quite properly.
So i recreated this drawing, and you'll see 2173 was the top.
You should also see that manipulators readjust the chart speed and doing some bear traps.
Okay, so let's break it down...
1. The AB phase was started from 3-Nov-22 @ 1616 and lasted until 2-Feb-23 @ 1959-ish
2. The corrective phase which i coded with "=" was happened, it was 20 bars and It was lasting from 2-Feb-23 to 2-Mar-23.
If you analyze it deeply, 1.272 and 1.382 extension of 65 bars AB phase is the key exact reversal of 27-Feb-23 and 8-Mar-23
3. According to Gartley's theory, AB phase is equal to CD phase. So i did duplicated the line to maintain its angle and length, and we got area of 2170
4. Then i marked up some important Fibonacci Levels, then we got a very important area of 1960, 2018, 2056, 2114, and 2173.
I don't do a date prediction cause it takes a really long time. But, i will give yo my opinion on why 2018 level was the most important level..
MY OPINION ON 21 MARCH
2018 level would be the most important level because it is happening at 21-Mar-23.
By 22-Mar-23, i expect the fed will raise interest rates which cause the market down at least 5 days.
According to astrology trading, we should see a repeating downward trend cycle every New Moon,
which is statistically backtested and it proves that it got 97,3% probability.
So, that's the reason why 21 or 22 or 23 March was the most important area to see
So, the best strategy to do is...
WAIT UNTIL 1960 WHICH I BELIEVE THAT IT WILL OCCUR AT 31-MAR-23 - THEN DO BUY FULL MARGIN
Cheers, H. Haidar
Note
The market react a little bit faster than expected, but weird thing is.. the market didn't reach 2018 level. It creates a bullish pennant somehow, since the top of it always going down, down and down again. from 2009-2010, then 2004-2005, and the last one 2002-2003. From my opinion according to those theory i explained before, i'm still expecting a further price hike in gold price
Note
As expected, It breaks 2020 :)
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