Which one is the Real McCoy of Gold price chart?

Which one is the Real McCoy of Gold price chart?

There are some misunderstandings of my blog due to being seen same idea on other website as mine but I never copy other one except my chart language??? !!!

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I have posted about the Gold price since I met with a Germany friend 5 months ago.

And without discontinuity of my paragraph I have persistently claimed that it is symmetrical triangle pattern or the Box theory.  

But dubiously the same chart and same ideas has been published around the website (owing to  A guy scraped and posted on same idea as mine)

Coincidentally or purposely it may be happened so that we can see same idea on website.

But I hardly browser other website even hardly read any newspapers.   

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Yes! It is a matter of the Real McCoy

It is not difficult which one is "the real thing" or "the genuine article"

Just distinguish from the continuity or detailed description

And then you may solved it

I have insisted on the Gold price since 5 months ago with both theory Symmetrical triangle and a Box theory. Contracting to other article I think you can easily get to the conclusion which one is the real McCoy.

Anyway

Let us see whether if it is reached at the price of 972$ or not

Resulting from its plan I will suggest you how to response it, step by step.

5 months later of Gold price on weekly chart

5 months later of

Gold price on weekly chart

(As Symmetrical triangle pattern)

It is one of the processes how chart language is transmitted from symmetrical triangle into box pattern,

As I told you, the base line of the box is collapsed.

It means that the price will be deeply and extremely down again.

   

In this stage, our interesting is no longer deeply down of the gold price but how deep or until which price level will be precisely down

It must be proper question in right time and right place (if you ask me)

The chart is telling us the unanswerable answers which will be equivalent size of another Symmetrical triangle.

Precisely speaking with numbers

It is supposed to be reached at the level of 972

 

It has been a journey for 5 months    

For reference please click here!

http://odysseylee69.blog.me/220066688306

http://odysseylee69.blog.me/220027352419

http://odysseylee69.blog.me/220073206024

And see what is “before and after” of this journey

Bon voyage

4 months later of Gold price on weekly chart (As Symmetrical triangle pattern)

4 months later of

Gold price on weekly chart

(As Symmetrical triangle pattern)

You would better treat “the Symmetrical triangle pattern” as the BOX theory since a month ago.   

For reference please click here!

http://odysseylee69.blog.me/220027352419

http://odysseylee69.blog.me/220073206024

And see what is “before and after” of this story

Bon voyage

3 months later of Gold price on weekly chart (As Symmetrical triangle pattern)

3 months later of

Gold price on weekly chart

(As Symmetrical triangle pattern)

Attention!

Presumably it has probability acting as a supported line as based Box line.

Being breakout, it will be like abyss, deeply downtrend again, please watch it out carefully.

When it is Breakthrough, it will drop down as much as the same size of the Box wide

For reference please click here!

http://odysseylee69.blog.me/220027352419

http://odysseylee69.blog.me/220073206024

And see what is “before and after” of this story

Bon voyage

Yours Cassandra 

Four week later of Gold price on weekly chart (As Symmetrical triangle pattern)

                               Four week later of

Gold price on weekly chart

(As Symmetrical triangle pattern)

It has more possibility to be down rather than UP (down 80%: up 20%)

But it is wise that you should “come down on right side of fence” since the possibility of 20% is crucial game. Unless you will be in danger not only for yourself but also for your family   

One week later of Gold price on weekly chart (As Symmetrical triangle pattern)

One week later of

Gold price on weekly chart

(As Symmetrical triangle pattern)

Generally speaking, it was know 80% down and 20% up when it is breakout.

Far so good, it is going on as business as usual.

It is a fruit and is one of power from technical analysis

See!

Reference of one week ago chart and  previous comment

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This weekly chart of Gold price is showing a good example of Symmetrical triangle pattern.

Knowing it, you may convert your knowledge into your prosperous Wallet.

Does it mean that you know what next price of Gold is ?

Indeed ! you know next price of gold

This week( 19/07/2014) is closed 1316.90 reaching at the trend of the triangle.

So that if you guess that it is lower than this(1316.90), you are no longer a novice of this game.

Let me explain more detail of classical methodology of Symmetrical triangle pattern. 

Gold price on weekly chart (As Symmetrical triangle pattern)

Gold price on weekly chart

(As Symmetrical triangle pattern)

This weekly chart of Gold price is showing a good example of Symmetrical triangle pattern.

Knowing it, you may convert your knowledge into your prosperous Wallet.

Does it mean that you know what next price of Gold is ?

Indeed ! you know next price of gold

This week( 19/07/2014) is closed 1316.90 reaching at the trend of the triangle.

So that if you guess that it is lower than this(1316.90), you are no longer a novice of this game.

Let me explain more detail of classical methodology of Symmetrical triangle pattern. 

As you can see above Symmetrical triangle, it is sort of geometrical movement. It is hardly happened without artificial human behavior.

Someone are selling and buying at certain point of triangle.

At the finally apex of it’s destination, or of being converged into, it will be an explosion. For loser will obey and fellow the power.

Hence

The professional traders is never opening his wallet but watching and preparing so to speck “riding fence and come down on the right side of the fence” 

if you want to know real time when you have to come down from fence, you need to ask 30 minute chart 

Gold price in weekly chart

Gold price in weekly chart

Someone asked me about the gold price.

I looked up and analysis not only for him but also other anchored investors.

It is too doom to satisfy many investors who had been hooked for 3 years  

But you will be unchained from this shackle when you see “Double bottom” signal

Let me illustrate more specific in terms of chart language  

①     is box (rectangle black box) I guess the price will be fluctuate between upper(③) and down side(②)but ② will be unfortunately breakthrough 1209.30

②     is price of 1209.30 which is down side of box

③     is upper price of box 1415.86 which is hardly breakout

④     is the price of gap between 1209.30 and 1415.86. it is about 15.75% which is supposedly fluctuated and is finally breakout to down side ( sorry ! it is too pessimistic result for my readers)

⑤     is two MA lines. One is 120ma and the other 240ma (ma=moving average). You may be happy for a while when two lines is interlinked (so called “dead cross”) because it is meant to be rebound. We call it “process of corrective wave” when dead cross is occurred. But not too long it makes you happy it will be down again to the bottom side of box.

⑥     is the double tops which all cause has been bring about since it is bad signal for all investors. ( see the yellow line of 20ma)

⑦     is the sign of double bottom which you should wait for it since “Every flow must have its ebb”. It is rescue sign of your money and free from this bondage which you shacked for 3 years investing