Year to Date analysis of Gold for 2016

Gold Year To Date Analysis-2016

Quarter 1: Low/High - 1061/1284
Quarter 2: Low/High - 1199/1356
Quarter 3: Low/High - 1301/1375
Quarter 4: Low/High - 1203/1336 ( not done yet)

Gold started the year with bullish tone during first quarter and continued it bullish momentum in Quarter 2 . In Quarter 3 it did make a new high but could not maintain its bullish momentum and started retracing , which continued the whole quarter 3 and its still retracing in Quarter 4 as well. so far gold has retraced little more than 50% of its entire year move from 1061-1375. We have one more month left to finish the quarter 4 and I am expecting it to finish the Q4 and year with at least 75% of retrace of this year's move which is landing around 1140.

Note: i rounded the numbers for high n low.

การซื้อขายยังคงดำเนินอยู่:

3 shorts are active from 122x area

ความคิดเห็น:

2016 Quarter 2 low at 1199.22 was broken yesterday and today it breached the 50% move of Q1 at 1173. ,so far so good, moving as expected

ความคิดเห็น:

right on ...target reached as expected

ความคิดเห็น:

This is one of the best analysis i have done in my trading career.Thank you everyone for supporting my charts n analysis

ความคิดเห็น:

retest of 1140 is in progress