GOLD Threatens Additional Downside Pressure, page-233

  1. 3,006 Posts.
    lightbulb Created with Sketch. 74
    daily time: the downtrend low to price high 1046 - 1264 sees a time ratio  on the 24/03/16 of 1:.618

    weekly cycle: and one particular cycle i find most fascinating captain is the 144 cycle of the major swing low from late june 2013 (this was most thrashing the bulls rec'd at speed, the strongest part of the downtrend) which coincides with 27/03/16 (weekly basis)

    beam me up, Scotty !!
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    balance: in this pic i'm asking if the structure i've presented is merely allowing a pause before more downside, that the structure is strong enough to give us another series and maybe even one more fake higher daily high...how price unfurls tuesday should give a very idea on the next few weeks or months
    we also have seasonals, daylight savings is the obvious clue, so, we're kinda in the zone of crowd-think shift even if we dismiss technicals

    3 steps

    2 triangles

    one fugly fakely new high

    have a great easter

    gold the 3 steps 2 triangles.gif
 
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