2lalit

MY GPS (GOLD POSITION STATUS) REVIEW & A SMALL BULL STORY

FX:XAUUSD   Gold Spot / U.S. Dollar
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I still use the main chart above as the price direction approach, where the price is still moving inside the 321D time span or D area (black), where this area is a collapsed area or construction area which will expire on 2017.07.31 (min) Or 2017.09.11.
On the other hand, the price is still moving inside the 427D time span or E area (green) which is the test area, which will ends at the same time with the maximum D area (2017.09.11).

Price movements are getting closer to the time limit. Could a small bull run and push the prices upwards?

Nothing is absolute, but possibilities could have occurred including having placed $1046 low 2015 as the bottom of the bear market end. This is the chart comparison I did against the 2012 chart with the 2016 chart, both of which have the same travel time (224D setup area, 112D Test Area and 112D collapsing / construction area). In the 2016 chart shows that the bears are unable to break the $1046 low of 2015 and the price stops at $1122, unlike in previous years, where every year the bear scored a new lower as shown in this chart.

Would a small bulls drive prices up to 2017.09.11 and make a $1122 Low 2016 as a Bottom ?

Back again, nothing is absolute, but based on the approach after the 2012 chart ends, there is a 2013-2014 chart which has a travel time of 196D set up area and if this traveling time is placed from $1122 low 2016 (2016.12.12) then the little bull will have at least the same time trip 198D which will expire on 2017.06.26 (min).

Since this is just an approach then for the moment of truth, I place the dividing line as the first alert level at $1247 (currently above $ 1255 having the same perspective). If this clone is valid too, then a small bull will likely be able to push prices and will likely start on 2017.06.02.

Everything can happen and time will show, whether it can happen or not. If this approach is wrong, the most important is to set a stop loss or lock in profits to avoid losses because the current price is on the crossroad.


--oOo-- From The Desk Of Nubie --oOo--


Thanks Zlalit.
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