THE CHART ABOVE IS MY APPROACH ABOUT TIME TEMPLATE FOR THE MOVEMENT OF GOLD, WHICH IS BASED ON MY VIEW, GOLD IS IN BULLISH TREND.
A (Blue) is 231D of "TEST AREA" from 2015.10.12 to 2016.05.23, where in this phase, on the Days 231 the price reduction has been rejected.
B (Blue) is 231D of "CONSTRUCTION AREA" from 2016.05.23 to 2017.01.16 (min) and 2017.02.27 (max), where the price movement in this phase tend to build a BULLISH CONSTRUCTION.
C (Black) is 231D of "TEST AREA" from 2016.04.25 to 2016.12.12, where the price movement in this phase tend to test $1392 High 2014.03.17 and $1434 High 2013.08.06 and $1210 and $1046 Low 2015.11.30.
Now seen that C overlap with B, make interpretations that the Bulls should be able to maintain the price movement for not move below $1210 (min) or $1046 (max) up to 2016.12.12.
D (Black) is 231D of "CONSTRUCTION AREA" if the price continues to move consistently above $1210 up to 2016.12.12 and tend to be "COLLAPSE AREA" if the price goes below $1210.
As my previous analysis, that the date of 2016.07.25 was the date to initiate long position and will be invalidated if the price moves below $1307/$1287.
--- From The Desk Of Newbie ---
A (Blue) is 231D of "TEST AREA" from 2015.10.12 to 2016.05.23, where in this phase, on the Days 231 the price reduction has been rejected.
B (Blue) is 231D of "CONSTRUCTION AREA" from 2016.05.23 to 2017.01.16 (min) and 2017.02.27 (max), where the price movement in this phase tend to build a BULLISH CONSTRUCTION.
C (Black) is 231D of "TEST AREA" from 2016.04.25 to 2016.12.12, where the price movement in this phase tend to test $1392 High 2014.03.17 and $1434 High 2013.08.06 and $1210 and $1046 Low 2015.11.30.
Now seen that C overlap with B, make interpretations that the Bulls should be able to maintain the price movement for not move below $1210 (min) or $1046 (max) up to 2016.12.12.
D (Black) is 231D of "CONSTRUCTION AREA" if the price continues to move consistently above $1210 up to 2016.12.12 and tend to be "COLLAPSE AREA" if the price goes below $1210.
As my previous analysis, that the date of 2016.07.25 was the date to initiate long position and will be invalidated if the price moves below $1307/$1287.
--- From The Desk Of Newbie ---
