Gold: Fractals Foretold Future! Now +330 pips

Current Status: LONG Current Gain: +330 pips

Knowing levels and zones are just a part of doing a PROFESSIONAL analysis. If you trade purely on that limited information, you are not seeing the whole picture. And if you don't see the bigger picture, you're just guessing. If someone shows you a chart and draws a simple "zone" and then tells you it can go up or down from there, what good is that to you? What is the reasoning behind that? What are the possible drivers that justify the prediction? If you can't answer those questions, then you are simply making a 50/50 coin toss.

Here in my Gold analysis, you will see that I issued a BUY call on July 7th and we are currently holding a LONG trade that is up +330 pips so far and when this move is done, we could be banking over +500 pips provided prices move as we expect them to. If you knew what I know, then you could also be in the green over +330 pips now. Are you? If not, why not?

So let me explain to you what I saw that made me issue that BUY back 2 weeks ago.....

You see that I have circled 4 waves here. The first set of waves in the fractals are circled in pink. You can clearly see that these 2 waves are very much alike. That is the theory of Fractals at work here in the markets. Fractals are simply repeating patterns that mimic each other. Scientific definition is that each succeeding pattern is a fraction smaller than the preceding one. But in charting, that is not always the case. Again, Fractal Theory is just that...a theory. That does not mean it is useless. What I just showed you here in my chart are actual fractals at work. Now look at the green circled fractals on my chart. Anything familiar? Yes, that's right! Another set of fractals although the one on the right is larger than the preceding one. Nonetheless, they are very similar in pattern. Noticing those fractal patterns and knowing that they foretell price action, I simply waited until the second green fractal completed in order to issue a BUY call. And you see how successful it is!

Of course, fractals weren't the ONLY thing that gave me the BUY signal and clued me in on when and where to BUY. Wave counting and of course, seeing the BIG picture also told me what I needed to know in order to be +330 pips in profit. But now that we have determined what is the short term course of action, what about the BIG picture? I'll give you a preview of what I am projecting to happen. Look at this chart below:

I constantly analyze and reanalyze the market and I update it twice a day and then issue my analysis on the market. So although what I am showing you in that chart is what my CURRENT projections are, depending on price actions, my projection can and many times do change. But when they do, my updates reflect the change and I alert about them. PM me if you want to know more about that.