icypuma98

icypuma98 Updated 

Yup

icypuma98

Yup

icypuma98

Yup

icypuma98

Check the price action around all the fib levels - you can clearly see it acting as resistance & support, sometimes when 2 overlap it acts as a powerful reversal. Image version is below because sometimes the scaling on TradingView isn't right.

icypuma98

Just charting for fun

icypuma98

Playing with Fib stuff

icypuma98 Updated 

yup

icypuma98 Updated 

yup

icypuma98

Yup

icypuma98

Possible price actions. I do think there will be a pullback here before confirming a longer-term bullish stance.

icypuma98

LONG

icypuma98

Beautiful fib action

icypuma98

Anything is possible. Further reading: brunicharting.com

icypuma98

Gold channels as I see it on the daily chart and possible price action from here. High chance of short to mid term bullishness. Ultimately we can move back to the black channel by riding the yellow channel (copy of last) or, it could hit the top of the current channel and ultimately free-fall further down towards 1200 and below.

icypuma98

Gold is in a very critical stage right now. It will need a close above $1265 this week for these 2 long term trend lines to stay valid.

icypuma98

No description

icypuma98

Trendlines are basic, but it also works the best most times. Gold bounced off multiple long-term support including trendlines from 2001, 2006 and 38.2 fib retracement of the 2001-2011 rally. I know how much everyone hates gold but I would say go long here as I don't see much downside. My stop loss is set at 1256. I'm calling a long term bottom here. Good luck!

icypuma98

15 year support trend line is under threat!