GOLD ESTIMATED BOTTOM @ $1122 FOR END YEAR OF 2016
IN MY PREVIOUS ANALYSIS, THE TEST AREA OR C AREA (IN BLACK) WILL END ON 2016.12.12 WITH BIAS 1 WEEK (2016.12.19) AND THE OTHER SIDE, THE CONSTRUCTION AREA OR B AREA (IN BLUE) WILL END ON 2017.01.16 (MINIMUM) OR 2017.02.27 (MAXIMUM).
Price has recorded a low at around $1122 on 2016.12.12 and no new low on 2016.12.19, so according to my view point, it will rebound at this time. If the price goes rebound, at least the BULL should be able to conquer the minimum level at around $1200 up to 2017.02.27, but in the other side the BEAR still has a time to finish 77D to seek a new low. Therefor if the BULL fails and the BEAR can bring the price to closed below $1110, the BEAR will aggressively to seek the target at around $1095/80 before test $1043 Low 2015. The first target is at around $987 if the Bull fails to conquer the minimum level at around $1200 up to 2017.02.27.
SURVIVORS TO WELCOME NEW YEAR 2017
--o-- From The Desk Of Newbie --o--
#om 2lalit om
Price has recorded a low at around $1122 on 2016.12.12 and no new low on 2016.12.19, so according to my view point, it will rebound at this time. If the price goes rebound, at least the BULL should be able to conquer the minimum level at around $1200 up to 2017.02.27, but in the other side the BEAR still has a time to finish 77D to seek a new low. Therefor if the BULL fails and the BEAR can bring the price to closed below $1110, the BEAR will aggressively to seek the target at around $1095/80 before test $1043 Low 2015. The first target is at around $987 if the Bull fails to conquer the minimum level at around $1200 up to 2017.02.27.
SURVIVORS TO WELCOME NEW YEAR 2017
--o-- From The Desk Of Newbie --o--
#om 2lalit om
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