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Roman candle analysis > (-: Wick Breach !!! 1st confirmation hit

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1st target hit wick breach; 2nd target yet $1776 red arrow trigger point ! 3rd target Yellow arrow ??? Expulsion Propulsion Velocity are key to Golds price travels in the near term future !!

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If one was to simply reexamine Golds price action on a weekly timescale using Japanese candles , one should come to immediate conclusion that gold price action is on borrowed time Giving that there was a severe technical violation of the weekly candle stick studies on the weeks of 7/1 & 7/8 > ???

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Comment: Gold's price of point $1779 might be a trigger point for a bearish candle come Tuesday? posted from weekend.

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Gold price wick breach on main trend line Blasted by my roman candle>(FYI) my trend lines are pulled from the last quarter of 2008 to the present. No illusions are cheap photo shop tricks of casting my ideas on the charts to make me look like some kind of genius! Just the delusional facts & data that the powers to be allow us to see ??? Like my science professor used to say ; " Find the truths and all known Facts to discover the Proofs". Let me dispense with all this nonsensical talk let's get on with my analysis. Wick breach at 12: o'clock ; is one of my confirmation signals i was looking for the second signal i was looking for is ($1776) (what Quinky Dink ? roman candles; independence day; and our year 1776 about to coincide with price point for gold is the second signal trigger i would be observing) > The red arrow denotes that price point on my gold chart, that price point is crucial in my study of golds price movements. My thinKing is a hop skip and slip the yellow arrow is significant here. In the future i'll not explain everything on my gold charts because it has been already encapsulated in all previous charts in my profile for all who wish to review and
study???

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Comment: I remember when i was in the corps, they said no pain no gain !! I believe that scenario could be an analogy that could be used in today's study of my Gold charts.

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Comment: Patient is the Cardinal Virtue when it comes to Gold trading !!!

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Comment: "Please Trade Responsible" do not trade my ideas without doing your own research and analysis. :-) If you do trade use stop losses where its relevant feasible and logical.

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Comment: Comment: MEGALO1
4 hours ago
On a daily time frame the analysis calls for a pullback 1753 down as far 1746 arena near term, there is also severe gaps too fill in some of the major miners as well. Given you buy paper miners or the most popular etf's . If one is trading gold in futures be ready for severe volatile whipsaw portfolio erupting (stay away from the futures danger options are much worse!!!) I believe the powers to be are setting up a major bull trap and creating the illusions or thirsty mirages and given an allusion for all traders of a strong bull leg up ,too all new high's with the current geopolitical tensions Chinese Communist Party (CCP Virus) and our on racial apologetic overdone Nation. It seems to be the perfect storm, in favor of bulls. I'm still in the camp of Leonardo it must retrace with a 76% retracement before building any relevant new highs taking place. Too sum things up and to clarify keep your shorts and add to them where its practical and logical to do so, that's my advice and that's what i'm doing here also. As always Good and Fruitful Trading !!
ie... fra978 (KISS) Keep It Smart & Simple :-) Megalo> re-posted from the weekend.

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If Gold breach's the 1730 mark that would be 7 day ma if you will (guess ta mating) less say next stop is 1689 would be support arena ??? posted from weekend.

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Gold is waning momentum on hourly timescale breaching lower bollinger band in last hour !! Could constitute a hangman ??? :-(

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a $100 correction? That's always plausible but what is your long term prospects on gold?

MEGALO1
an hour ago
BobbySpa, My long term gold prespective would be (up) (long) continuation of long term trend line on my chart analysis, possibly new highs for gold 1st quater 2021 ? But for now and quite possibly extreme short term bearishness is in the air !! If i error it's on the side of technical analysis and not so much in media propaganda or fundamental analysis or hyperbole ??? Short term could be described in summertime dull-drums ?? As Always Good & Fruitful trading to you and to anybody who reads my posts and inspects my charts. :-)

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I've been reviewing all time-frames and timescales on my Gold chart that might be applicable and or revealing on possible trades for gold that might shed some clarity on present scenario of Golds pricing. This is what i found for the last 45 trading hours, gold spent a 26hr cavitating or consolidating then went to fresh 3 day lows back up fresh new 4 day highs $10 higher then before for 19hrs of cavitating that is where it is now. If these simplistic patterns hold true the next pattern that follows has an negative downward of less say 2 days ???