Are We Getting Above This Floor Or It's Going To Be The Ceiling That Takes Us Back Down Once Again.....???
WEEKLY: Price Is To Drop For A Minimum Of 6weeks, Or Hit 84.00, Whichever Comes First. A Convincing BO Of That Key Support Will Open the Floodgate For Further Selloff With A Minimum Target = 76ish-75ish =The Base Of Channel Alternatively, Should 84 Hold, And Price Bounce off This Zone, We Could See A Retest Of BX Until Then........
WEEKLY: 1. Overall Trend Is Still Bullish 2. BO Of Weekly Ascending Triangle Top DAILY: 1. 7 Bar(Daily) Mode 2. Minimum Target = 121.300 *** BO = Break Out PB = Pull Back
Only Projecting Gold's Short Term Target Waiting On Conditions Necessary For Trade Until Then.............
1. Waiting On A Last Condition To Go Long 2. Green Lines Are Measured Move Targets 3. Will Update Logic When Last Condition Is Set For The Trade Until Then...........
Previous Mode In The 0.70ish Seems Acting As Magnet.
If........ Then, Ultimate Target Is 1.2000000 BX=DT BO UBOL Ideal zone for 2nd Entry Trade Needed. Siting on hands patiently.
CONFLUENCE OF POINTS: 1. 3 Pushes 2. New 5-Day Low 3. 9-Bar Mode
1. BX 2. BO 3. UBOL 4. Modes 5. The Testing...... What Next......? Keeping Eyes Wide Open
Main Trend Up Not yet A Short, But Setting Up.......
Looks good! 1. Major Trend: Weekly, and Daily UP 2. SX = DB 3. Possible 9bars @ mode 4. Target right under downtrendline. Waiting for confirmation.......
Market in a pause. Building up mode. Coiling up like a spring. The release will be dramatic!
1. SX 2. 12 bar mode 3. double range target = confluence with Outer UpTrendline
Breaking out of Flat Bottom. Will Wait for PA and be part of the move when confirmed. What if it becomes a failed BO.....???? But then, Selling Pressure suggest the BO might be true. Sitting on my hands with eyes wide OPEN!
1. SX=DB 2. Awaiting on BO
1. SX=DB 2. Awaiting on BO