Tg zones are shown by red lines. Good luck
1220s zone is a buy zone in my opinion.
This is a long idea in continuation of another long idea from December 22, 2016, If July low stays to be 1203.65, this then proves to be the next multi-week dip as anticipated in the related idea. Longs from this dip should have SL to be in the 1190-1219 area. Profit areas near or about: 1260 1300 1380 1420 1480 1520 1600 If 1260-1300 area is cleared on...
Sell price: 111.20 SL1: 111.35 SL2: 111.55 TP1: 109 TP2: 107 TP3: 103
Given the current break of weekly triangle to the downside, the apex lies at 1253, that makes the following targets worthwhile Tg1: 1233 Tg2: 1241 Tg3: 1250 Sl1: 1218 Sl2: 1210 Sl3: 1190 Goodluck
Entry zone: 45-45.70 SL zone: 44.5-43.5 TP zone: 53 area, 63 area, possibility of higher will also be eyed if and when the time approaches. Goodluck
Targets are shown by red lines below 1.3580
As shown gold has been using 0.618 levels to retrace before resumption; based in that PA current level with invalidation 1219 may offer good RR. Targets being as shown; 1242 and 1278/80.
Invalidation only if ihs that seems to be triggered, denies. otherwise target zone near 1260-70
This is exit scenario for longs based on the assumption of yearly uptrend in gold. Invalidation would be a new low encountered between Feb. 2017-July 2017 that is, 1123 sustains. Based on seasonality and behavior we might see a drop in July/ August, 2017. Best of luck
If the recent parallel channel holds, given the PA of 2017 monthly, the price has only one way to go: UP for the decade, on the other hand if this is a monthly consolidation, the price will drop out below 1100 and 1000 giving us 940, 850 and ultimately 700s. 2017 through 2023 the most logical path is indicated but anything can happen. January 2017 through June...
Buy zone near 1198(low) to 1205 TP zone1 1220-1231 TP zone2 1238-1256 TP zone3 1260-1280
This is Gold ounce price navigation chart based on channels from previous 50 years for the next 2.5-5 years. Lines are labeled accordingly, upcoming weekly developments and explanations will be updated in comments. The rectangular boxes are clusters of interest for longs and shorts/ position squaring and commitment for further price continuation/ reversal on the...
Entry 1213,1214, sl 1209.4. TP 1231-40 area.
The rectangles are clusters of interest drawn from available PA to time=0 (1970) on different time-frames, recent channels are background colored. Blue is relatively older with range of 1380-1040 (2015) from the recent green and red(2016). Magenta is the channel of interest with top of 1880 and bottom of 1040 (from 2011).
Based on last 3 dips to backtest last level and to proceed to next level, average recovery and moving forward time is 25 bars on 2Hr (4 days). That times 1210 on 16th or 17th January 2017. Good luck