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Wednesday, 30 November 2016

The Great Price Structure of Gold: 30 November 2016

The Great Price Structure of Gold: Re-accumulation Still On-Going as a Process Flow:
30 November 2016

Update on Gold
Attached above is the large price structure of Gold with the following characteristics:
1. Bullish Descending Wedge with all the Re-accumulation Zones bought up by smart monies.
2. Break up of the Blue Resistance of the Bullish Descending Wedge
3. Backtest of the newfound Blue Resistance-turned-Supports of the Bullish Descending Wedge as Backtest and Re-accumulation Zones as illustrated on the technical chart.

Secular Term: Supercycle Uptrend
Long Term: Bottoming at higher lows of a Supercycle with Bullish Wedge Breakups and Backtests
Mid Term: Correction
Short Term: Correction

ALL GOLD ANALYSES (IMPORTANT):
http://donovan-ang.blogspot.sg/search/label/Gold

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