QUARTERLY REPORT: Gold Looks Bearish for Q-4 to $1,415.00
I'll provide another video of lower time frames probably later today (Saturday) or Sunday. The content provided in the video conveys my thoughts fairly well for Gold (XAUSUD - IDC). I'll provide another chart shortly to show where we are within a Wyckoff Accumulation Schematic in Phase D. We are currently working on a Back-Up/Last Point of Support during Quarter 4 in Phase D before we can make our transition into Phase E.
The descending channel I mentioned in the previous video publication is likely to play out all of Quarter 4. We may not find our low of $1,415 until early to mid November and then slowly begin climbing back up in December, 2019.
Happy Trading and Stay Awesome!
David
The descending channel I mentioned in the previous video publication is likely to play out all of Quarter 4. We may not find our low of $1,415 until early to mid November and then slowly begin climbing back up in December, 2019.
Happy Trading and Stay Awesome!
David
Comment:
If you watched previous videos, you will remember I mentioned likelihood of falling to the Gray 40-EMA and/or Green 50-EMA in the 4-DAY TIME FRAME.
Simply posting a visual with FIB's. As well as having a chart to refer back to in the future and click "Play" to see if it actually played out. ; )
Simply posting a visual with FIB's. As well as having a chart to refer back to in the future and click "Play" to see if it actually played out. ; )
"History of Gold Using Wyckoff Method: By David Ward Jr."