Gold M April – Bearish

Gold opened April bearish under 1248.21. As a  minimum gold is expected to make a low of 1141. On the way expect a pause around 1180.

Once that low is made we should bounce back to test last months high. and moving forward will work its way down the retest the December low.

Support and resistance on each fractal are shown.

Gold M April

A May open below 1222.69 is bearish and confirmation of a continued downtrend.

14 Responses to Gold M April – Bearish

  1. Jochen Forer says:

    Forecast Arrays from SOC preview change over night on Daily and Weekly.

    Something very wrong with this guys

  2. Jochen Forer says:

    I reccomand still caution cause SOC preview is now long on monthly level and the PSAR Daily still stands at 1259.

    • Srdjan tabor says:

      Soc was short on gold until March so go figure 🙂

      Joke aside we might see low of 1141 as Marc mentioned and high this month towards 1250, maybe even twice…looks bumpy to me…

      Since everything on my graph shifted for a week it will be interesting around April 8 and April 20….

      • Marc says:

        I have just been trying to sort out a place to work so been painting and decorating…… but hopefully tonight carpet down and desk!!! Unfortunately off to lay my sons floor tomorrow, but should have a bit more time.

  3. MJB says:

    Marc super can you explain: Milli fractal? thanks
    “So far with about 125 waves down to the milli fractal we have only had 4 failures! “

  4. Jochen Forer says:

    Parabolic Stop and Reverse Point

    MONTHLY April 1059,77 $ / up 9 $ per month if not elected

  5. Bill Martin says:

    Wonderful analysis as always. I think there was a typo and you meant to say low of 1141 and pause at 1180. I’m am still in the trade and looking forward to next week. Volatility and churn is fine by me

  6. Chris says:

    Do you mean 1241 and 1280, or 1141 and 1180?

    Thank you!

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