After an analysis of Gold Potentially Exceed 2012 & 2011 High, now i see the bull is getting ready to test of 2012 High by preparing A Mini Launch Pad. A Mini Launch Pad, on average has 77 Days to prepare and conduct a testing.
Could The Bull Able To Penetrate & Conquer The 2021 High ?
I am still sure that the bull will be able to test and conquer 2012 high with the following considerations :
1. Although June 2020 is the end of the balanced time approach, the balanced pattern shows that the pattern will end at the end of 2020 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/e/EeCt5BLF.png).
2. So far prices have remained stable above The Green Flat Line or 2012 Low And 2011 Low (please see this chart : //s3.amazonaws.com/tradingview/snapshots/n/NXpoHsqk.png), where bears have also tested 2013 High in March 2020 and were rejected by the bull.
3. My main time chart above, shows that the time span from August 2018 to May 2021 or Jun 2021 is a Bullish Area, as long as prices are consistently above $1480.
Waiting to see what will happen within 77 Days ahead.
ooOoo From The Desk Of NewBie ooOoo
Could The Bull Able To Penetrate & Conquer The 2021 High ?
I am still sure that the bull will be able to test and conquer 2012 high with the following considerations :
1. Although June 2020 is the end of the balanced time approach, the balanced pattern shows that the pattern will end at the end of 2020 (please see this chart : //s3.amazonaws.com/tradingview/snapshots/e/EeCt5BLF.png).
2. So far prices have remained stable above The Green Flat Line or 2012 Low And 2011 Low (please see this chart : //s3.amazonaws.com/tradingview/snapshots/n/NXpoHsqk.png), where bears have also tested 2013 High in March 2020 and were rejected by the bull.
3. My main time chart above, shows that the time span from August 2018 to May 2021 or Jun 2021 is a Bullish Area, as long as prices are consistently above $1480.
Waiting to see what will happen within 77 Days ahead.
ooOoo From The Desk Of NewBie ooOoo
