Goldtent TA Paradise

Surf City Gold Cycle Update

1. Mserr says:

   June 9, 2017 - 6:28 pm at 6:28 pm

   Thanks

2. MatthewGoldman says:

   June 10, 2017 - 12:48 am at 12:48 am

   There is a reasonable coefficient of correlation between $gold and $
   The mighty $ tries hard but, clearly it’s? time has ran out in this corrective wave.. After breaking out fibo 50% support, it is now resting on the fibo 61.8% support. When will it break the 78.6%.

   Using the same info onto an added fan chart from 91.919 ti 103.83, the time taken to break each fan fibo was:
   16 May 61.8%
   17 April 50%
   14 March 38.2%

   If it took almost a month to break each fan fibo level, the next is expected about this Friday 16 June or even before, right after FOMC announcement of NO rate hike when market had priced-in. Let’s see if that would bring gold back across major downtrend line.

   On a downtrend, there are less up candles in a new daily cycle and therefore left translated while down candles increased after a daily cycle has peaked. After the $ begun it’s corrective wave from 103.83, there were fewer up candles in each daily cycle.