2021
GOLD
Monthly Chart follows 2012
On this chart you I am using the builtin "MA Exp Ribbon" indicator found on the Tradingview Toolbar
and "Bars Pattern" Drawing Tool.
I find it ironic the years are transposed 2 and 1 for those into numerology ... 2021 vs 2012 ...
but looking at the monthly chart we can see the fractal pattern (ghost bars) cloned from
2012 to 2014 looks like a perfect match.
Forecast/Bar Clone is laid over a Fib Retracement to show potential levels of support and resistance.
Based on the Fib levels, can see the following possible forecast:
Not financial advice, etc... purely speculative idea of possibly playout.
Best of luck guys.
GOLD
Monthly Chart follows 2012 On this chart you I am using the builtin "MA Exp Ribbon" indicator found on the Tradingview Toolbar
and "Bars Pattern" Drawing Tool.
I find it ironic the years are transposed 2 and 1 for those into numerology ... 2021 vs 2012 ...
but looking at the monthly chart we can see the fractal pattern (ghost bars) cloned from
2012 to 2014 looks like a perfect match.
Forecast/Bar Clone is laid over a Fib Retracement to show potential levels of support and resistance.
Based on the Fib levels, can see the following possible forecast:
- a possible bounce from 0.50 Fib level of $1617
- back to 0.78 Fib $1883 (est Sept 2021)
- then descending down into 0.23 Fib $1300 est. Nov 2021.
Not financial advice, etc... purely speculative idea of possibly playout.
Best of luck guys.