$XAUUSD #gold
since 2018, cycles (bottom to bottom 6 month cycles) have been running a LOT longer as in 2008-2011.
We now basicly had 2 corrective retraces, and 1 crash.
$gold always uses the same trick. over and over.
(1)
since 2018, cycles (bottom to bottom 6 month cycles) have been running a LOT longer as in 2008-2011.
We now basicly had 2 corrective retraces, and 1 crash.
$gold always uses the same trick. over and over.
(1)
it always has FBO's from intermediate drawn trendlines.
this is 2019
look at the nice false break outs and the hard drops.
top to start impulse up, was 68bars (spring) and 77bars (fall)
(2)
this is 2019
look at the nice false break outs and the hard drops.
top to start impulse up, was 68bars (spring) and 77bars (fall)
(2)
look again at the fall 2019 - very similar
the ABC finished Nov 12 - i think we are 1day upfront (green arrow) - looking for a low with a break, as this will turn conservative traders even more bearish
the middle ground option
(3)
the ABC finished Nov 12 - i think we are 1day upfront (green arrow) - looking for a low with a break, as this will turn conservative traders even more bearish
the middle ground option
(3)
Notice day counts are important.
We are still only at 67 - 77 is where the impulse took off.
Conclusion: juniors might run while majors are waiting for this to complete.
(4)
We are still only at 67 - 77 is where the impulse took off.
Conclusion: juniors might run while majors are waiting for this to complete.
(4)
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