Lets start with gold
This is a Gann Chart with Dec gold (the next interesting contract).
Notice how price jumped of the 1980 closing high.
The blue line is the regression line with dates from bottom to top.
Looks like it's working as support.
Silver is at solid support.
Two pitchforks (1) and (2)
multi fib support (3)
And a beautiful fib spiral also act as support.
But this is maybe the most interesting chart.
there has been some fractal discussions o FF.
This looks like being one.
Look at the laft square and compare the letters A to E and how price behaves around them.
You now have to concentrate...
The right square containes exactly the same picture.
If we are going to continue along the same path as with the first square, we can look forward to a 66,6% increase.
We just made a failure brake below the green line an stopped at fib support, which is related to the previous square as well as just below 65MA.
Also note the time factor. They are exactly the same (B to E).
HUI, we are using Babson lines.
(1) ->(2) decodes the "speed" of HUI
together with (1) we find the geometrical support, wich has been established at the 0,236 line (fib)
This support is confirmed by other fib connections (hor. lines)
XAU demonstrates a great fooler (good for bullish case).
156 is penetrated, but we find support at ca 134 in the form of fib support + Pitchfork that shares upper median line with a trendline as well as 200MA.
Note that the red trendline is the upper line of a risng wedge.
Upside breaks of rising wedges are extremly bullish - now it's tested so the next movement should be Up.
Talking about Babson lines, check theese out.
Using 1 and 2 for speed and 3 for geometrical price, we find that a parallel one catches the top and inner lines catches several tops/bottoms, thus confirming the lines.
hence great support at 31 which is also 61,8% (fib) support.
Finally, seasonal index (1976-2008) indicates rising price until end september.
Best to you.
