Gold Reached First Downside Target
By LawrenceSpike and ledge first target reached.
As long as the baseline of the spike and ledge acts as resistance, the next target below is in play.
Comments
Trading Edges That Last
By Lawrence- You May Also Like
ContentReviewEuro Right Shoulder Support CrumbledS&P Seasonal Correction BeginsGold on Track Going HigherBig Picture SummaryReviewEuro failed to hold the 1.12 area support and flushed to my target 1.104 area.S&P topped out ...READ MOREContentReviewEuro Not Ready To Move YetS&P Moment of TruthGold Pullback Window Almost OverBig Picture SummaryReviewEuro is stuck as expected thanks to Brexit and other mess they are dealing with.S&P managed ...READ MOREPart of Art of Chart Reading Summary Wyckoff Up Thrust (a.k.a. Wyckoff thrust, w. thrust) is a terminal pattern for an uptrend. It is not a type of false breakout. ...READ MOREContentReviewEuro Falling But How FarS&P Getting Near Its SupportGold Failed To Hold At Higher SupportBitcoin In Deepsh*t10-Year Note Yield In Melt Up PhaseBig Picture SummaryReviewEuro on its way to find ...READ MOREContent Review Euro Outlook Stays the Same S&P Beware of Another Short Squeeze Gold Enters its Non-Linear ...READ MOREContentReviewEuro Down Channel BreakoutS&P Correction Has BegunGold Reached Short Term Upper TargetBig Picture SummaryReviewEuro test of 2019 year low as expected. The surprise is that it staged a very serious ...READ MOREPart of Art of Chart Reading The terms swing high and swing low often show up in all kinds of technical analysis discussions. They are simply the local extremes that are ...READ MOREContentReviewEuro at Risk of Going Much LowerS&P Enters a Prolonged Consolidation PeriodGold Setting Up for Two Opposite ScenariosBitcoin Normalization Still In Progress10-Year Note Yield Almost ThereBig Picture SummaryReviewEuro got its ...READ MOREMarch 16th, 2016 Special Update on S&P, Euro and Gold. The rally with S&P500 is progressing as expected while Euro found support at PQM so far. Gold drifting at ...READ MORESPY made perfect moves following the STOPD levels as if it is following a script. Time to start some #conspiracy LOLREAD MOREMBO Issue 92 (Aug 2019) Enter the HighMBO Issue 96 (Dec 2019) Let the ChaosWyckoff Up Thrust / UpThrustMBO Issue 125 (May 2022) A New TradingMBO Issue 87 (Mar 2019) What If EverythingMBO Issue 99 (Mar 2020) Time to ReformSwing Highs And Swing LowsMBO Issue 126 (June 2022) When No OneMBO Issue 51 (March 2016) Special UpdateWTF Chart of the Day: Someone Must Have
As Featured In
Gold reacted to the price level as expected. =)