Monitoring Gold over a monthly timeframe
We can look to the charts to form an opinion on whether gold has a fractile nature or not.
The first blue parallel channel lasted 3 years and the price of gold went up around 176% going from $706 to $1911.
I've noticed how gold beautifully forms an almost perfect representation of previous price action. If it does indeed play out as such ( which it already 90% is ) we could see gold @$2804.
Here are indicators and data that support that, just keep in mind fundamentals and World economics do play a major role and inflation data is KEY.
- I have two main channels for this fractile "cycle". Its the two blue ones. To calculate the expected move for this cycle I used the same date range and also the measured move from the channel to get the %. I did not use 176% as the expected move because my charts are not logarithmic.
- The D2 peaks explained on chart
- A1 bottom explained on chart
This is the direction Id like to think gold will go. Remember to always prepare for all scenarios and stay safe!
We can look to the charts to form an opinion on whether gold has a fractile nature or not.
The first blue parallel channel lasted 3 years and the price of gold went up around 176% going from $706 to $1911.
I've noticed how gold beautifully forms an almost perfect representation of previous price action. If it does indeed play out as such ( which it already 90% is ) we could see gold @$2804.
Here are indicators and data that support that, just keep in mind fundamentals and World economics do play a major role and inflation data is KEY.
- I have two main channels for this fractile "cycle". Its the two blue ones. To calculate the expected move for this cycle I used the same date range and also the measured move from the channel to get the %. I did not use 176% as the expected move because my charts are not logarithmic.
- The D2 peaks explained on chart
- A1 bottom explained on chart
This is the direction Id like to think gold will go. Remember to always prepare for all scenarios and stay safe!