Gold fractal update
#1
Posted 09 April 2007 - 02:20 AM
Today:
#2
Posted 09 April 2007 - 02:31 AM
Edited by .Blizzard, 09 April 2007 - 02:32 AM.
#3
Posted 09 April 2007 - 06:22 AM
But this one sure looks interesting - previously inflation data has been an important factor for the gold chart
PPI on friday - could be worth taking a bet on F7 for friday's trading
Just wait for the end of F4..... then go long after two higher lows..... or at the breakout of 680.... target 687/690
#4
Posted 09 April 2007 - 06:27 AM
Well F7 didn't really work last time
But this one sure looks interesting - previously inflation data has been an important factor for the gold chart
PPI on friday - could be worth taking a bet on F7 for friday's trading
Just wait for the end of F4..... then go long after two higher lows..... or at the breakout of 680.... target 687/690
Hi Blizzard
What's your view on the F7 which did not come and probably is not coming Monday?
Is it a buy signal the fact that the pattern was not right?
Or do you see any other fractal patterns coming up next week?
Thanks - Happy easter!
CME is not the world's largest derivative exchange. The EUREX is the worldwide leader in volume.... just for record
Monday should mark "the top" of F7...then down the rest of the week
If Tuesday we hit a new high this fractal is a failure