Gold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound . The correction followed since. We are looking...
XAUUSD Gold . The price liked some of the forecast analysis lines we published two weeks ago, nooding at and toching these slings on several ocassions. Dotted blue lines are four of the possible path directions I estimated for the price to continue its trend, published on September 29. I added one trend line here (not dotted). The trend path lines I sketched...
XAUUSD Gold trend lines, support and resistance level slings over a 4H fibonacci grid analysis preceding my price forecast strokes for the last quarter. A year away from my best trading day so far (23.09.29), I think I should have been posting my analysis way earlier. With great power comes great responsibility. Trade responsibly. OAK
I dont know how many of You use the Spider Lines in Your trading routine but they are deffinately worth the attention. Just look how the price action reacts every time it comes near them. I will make short tutorial soon how to set them up.
Most people use horizontal Support and Resistance Zones but with the Spider Web technique they become more like diagonals. And Yes they work pretty good. So the lines are saying that 40k is not the last stand, 36-37k is stronger.
BTC is starting to break a local resistance level the .786 FIB Level. Vumanchu Cipher B Indicator (Top indicator) is also printing a buy signal while BWAP and money flow are simultaneously looking positive. The next local resistance level I believe will be in 39000 region as indicated by my spiderline (yellow doted line circled in red). If BTC breaks this...