GOLD - STRONG BUYYet still Overbought thus
requireing time to allow the TA to catch up to the action, thus some sideways trading to find a new higher bottom b4 forming any new tops !! The higher the bottom the Higher the next new top. Double tops are most common so this will prove interesting. When the next run comes these next Pivots will show themselves Once More .. $2344 would appear to be top of Range for the next major move and once that happens we can eventually look to my hypothetical number of $2443 several weeks if not a few months out. Where that number comes from is only a gut call of my own but always fun to take a stab at it....
Classic | 1999.84 | 2043.97 | 2114.74 | 2158.87 | 2229.64 | 2273.77 | 2344.54 |
Fibonacci | 2043.97 | 2087.86 | 2114.98 | 2158.87 | 2202.76 | 2229.88 | 2273.77 |
Camarilla | 2153.9 | 2164.44 | 2174.97 | 2158.87 | 2196.03 | 2206.56 | 2217.1 |
Woodie's | 2013.16 | 2050.63 | 2128.06 | 2165.53 | 2242.96 | 2280.43 | 2357.86 |
DeMark's | - | - | 2136.8 | 2169.9 | 2251.7 |