09/24/15 Gold
prior update 09/18/15
review:
- 09/18/15
- the action confirmed 1098.20 on 09/11
(projected 1096.38 0.764) is a short term low
- chart 1 gives supports and resistance
- assume "all pulses" riding on the right track,
- then the middle term target is 1249.26
- Gold price is very speculative,
- Fibonacci points/Cycle projections provide rough guides,
not a crystal ball.
synopsis
Gold Futures - Dec 15 (GCZ5)
session range: 1129.90 - 1156.30
16:13:50 GMT - 1,152.00 +20.50 +1.81%
- resistance zone 1150.90-1152.90 is accessed, see chart
- last swing (03/17) 1144.30-(05/18) 1228.1, length 83.80
- recent low 1073.7, today's high 1156.30, length 82.60
- so, after some minor pullback
if Gold price displacement from 1073.7
can move longer than 83.80 and then
be closed above 1169.8, ... these are the
"pulses" required to see target 1249.26 (L=175.57)
- next cycle high could be Oct 23-26
- i am a technician, i use "how much evidence i got"
- to say "how much extrapolation i could perceive"
Sep 24, 1155.80 1129.90
Sep 23, 1132.20 1128.30
Sep 22, 1135.00 1122.50
Sep 21, 1138.50 1130.80
Sep 20, 1139.40 1136.60
Sep 18, 1141.20 1127.80
Sep 17, 1130.50 1117.10
Sep 16, 1119.90 1109.80
Sep 15, 1104.50 1103.00
Sep 14, 1108.60 1104.10
Sep 13, 1107.90 1103.90
Sep 11, 1111.70 1098.20<-- swing low