hi every one . here is my wave structure and projection for gold.
in my opinion chart is in a major bottom.
in my opinion chart is in a major bottom.
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Disliked{quote} Yes...but rationality often escapes the markets The way I am seeing this is: From a technical perspective yesterdays spike up was just designed to take the weak shorts out of the market... Right now price is channeling in between Fib values... As of this minute price is on the 50% Fib line (could swing both ways); but then if you look at the bearish shooting star on the 1 hrly from yesterday; you will notice that price has retraced only 61.8% of that (hence potential downside)... So I guess it is fair to say technically we are stalemated;...Ignored
Dislikedhi every one . here is my wave structure and projection for gold. in my opinion chart is in a major bottom. {image}Ignored
Disliked{quote} back to rationality maybe ? thank you for your thorough explanation of your perspective on the market. always a pleasure to read your postsIgnored
Disliked{quote} too much speculation for now.. US recovering will make us more of a safeheaven than gold. i can see the 1400 top of your 1st wave happenin in fact is one of my tps on my recent long. Apart from that i think we lack volume to get to those numbers again unless europe colapse becomes more eminent againIgnored
Dislikeddaily resistace has been broken as expected,you short you loose ,you close your long you looseIgnored