Gold completed its EQ 1495.5---1408----1320.5

a consolidation is expected

Gold Rebound and hit the wall of EQ's boundary

1321.5---1363---1404.5

1348-----1376---1404

possible resonance

1321.5---1363---1404.5

1348-----1376---1404

Resonance works well

means it is good sell around the top area of EQ

1321.5---1363---1404.5

1348-----1376---1404



once the PREVIOUS EQ breached, Gold moved up and achieved another EQ

In fact it hits resistance since both two EQ point to same boundary, seller has upper hand

After the EQ breached, Gold moved up and achieved another EQ

It is a very strong resistance and not easy to get through

AS quoted on 4/26 :It is a very strong resistance and not easy to get through

after struggle for 5 days

It deopped almost 40 dollars

Gold reach EQ boundary then reverse break down side EQ

It is a good day trade sell

Gold reach EQ boundary then reverse break down side EQ

It is a good day trade sell

REASONABLE EXIT

Interesting spectacle using the isosceles triangle ...

Although different from J-Charts, it does show interesting confluence and it is a 240 min TIME CHART

Ken COTtrader

COTtrader 

Interesting spectacle using the isosceles triangle ... Although different from J-Charts, it does show interesting confluence and it is a 240 min TIME CHART Ken COTtrader

Well done! This shows you are a advance trader for sure

However during last 30 years trading carrer I have seen a lot of big firms went backrupt over night, therefore I only prefer day trading which allows me sleeping peacefully at night

long term analysis is a frame wok for day trade reference only

Also attached chart is a example of the application of FIB in J-Chart