GOLD ENTERED INTO TIME TO CLOSED ABOVE THE HIGH (FIRST ROUND)
THE FIRST ROUND WILL END ON THIS WEEK (2016.07.04) AND THE SECOND ROUND FOR INJURY TIME WILL END ON 2016.08.15. AND AT THE SAME TIME, THIS WEEK IS THE END OF 133D BULLISH CONSTRUCTION AREA WHICH CAN BE EXTENDED FOR THE NEXT 42D (END ON 2016.08.15).
IS THE 2ND ROUND STILL VALID TO CONTINUE CLOSED ABOVE THE HIGH ?
At least in my view point, it is still valid by supported several technical references, among others :
1. The distance between the Low to Low is 77D, which the end time falls near the end of Injury Time (2016.08.15) or 42D ahead.
2. The Temporarily Upward Breakout, now looks to have breakout upward of 2 Upper Trend Lines.
3. Weekly closing price in last week has closed at around $1341 above $1338 Closing Price on 2014.07.07 where $1345 High 2014 recorded.
Everything is my technical approach, it could be wrong or could be true.
Any change of view will be update.
--- From The Desk Of Newbie ---
IS THE 2ND ROUND STILL VALID TO CONTINUE CLOSED ABOVE THE HIGH ?
At least in my view point, it is still valid by supported several technical references, among others :
1. The distance between the Low to Low is 77D, which the end time falls near the end of Injury Time (2016.08.15) or 42D ahead.
2. The Temporarily Upward Breakout, now looks to have breakout upward of 2 Upper Trend Lines.
3. Weekly closing price in last week has closed at around $1341 above $1338 Closing Price on 2014.07.07 where $1345 High 2014 recorded.
Everything is my technical approach, it could be wrong or could be true.
Any change of view will be update.
--- From The Desk Of Newbie ---
