Gold/Equity chart, when to put rebalance between gold and equity.
Originally by Alok Jain from his youtube video, can't find his chart so I made it myself from his youtube video.
GOLD BUY ON DIPS BUY ZONE $1900-1910-1920 . Gold is building a good inertia will show good amount of expatiation in the price with new life time high. Good time to take positional entry .
One day candle shows a clear consolidation.
There is a major support and resistance.
Support at 1916.006 and Resistance at 1938.818.
The Blue and Red arrows indicates the number of rejections as support and resistance respectively.
If the price breaks the support levels then the price will fall to a target at it next support level 1907.043 and further down to...
As posted on 8th April (Gold was waving in a channel pattern which was connected to a bullish pole. The channel has been broken recently and the retest on 15 min tf confirmed a long entry. Gold can shoot upto 1949 in upcoming days.) Here are the results Gold rallied upto 1950 hit all targets and s now consolidating keep an eye a big move is on its way.
TVC:GOLD
self explanatory gold chart posted with labels. longer the time of accumulation with rounding base , more is the sustained move. these 2 years are best when it comes to commodity trading. make the most out of it !!!
Gold Is Still in Side Ways.There is some kind of Structure Change to Bullish. So Wait To Break out Sideways & Confirmation Market To Bullish Or Bearish. Good Luck.
Gold's Golden Rule Of 89%
Golden history of last 50 years have shown that Gold has give big move whenever there is a minimum 89% move from bottom. Chart is self explanatory. There are three successful incident of min 89% move and two unsuccessful incident of less than 89% move.
Successful Incidents
1. 1970 - 1972
2. 1976 - 1978
3. 1999 - 2005
Unsuccessful...
Gold was waving in a channel pattern which was connected to a bullish pole. The channel has been broken recently and the retest on 15 min tf confirmed a long entry. Gold can shoot upto 1949 in upcoming days.
