Pulse of an Asset in Fibonacci: Gold at Crucial Impulse Redux

Gold is making strong progress towards $1650 per this plot (click).
But right now it is approaching the most serious resistance before it.
Not to mention how over extended it is, needing a pullback soon.

"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.

Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.

This is part my ongoing series to collect examples of my Methodology.

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Ordered Chaos

every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.

each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.

every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.

He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.

Ordered Chaos

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코멘트:

First encounter with the Impulse Core (zoomed way in)

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코멘트:

Testing the Top boundary of the Core

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코멘트:

Bears have the advantage right now

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코멘트:

Battle for the Core Continues

Bulls are still pushing (thanks to Iran worries I guess) at end of US session

Looks like it will probably push through for new highs.
Lets see if Asia picks up the Ball and Runs with it from here, or maybe there will be profit taking ...

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