After 14 months moves consolidation, Gold appears to be still moving in a Symmetrical Triangle formation area and Gold is likely to move between $1,280 - $1,260 in the ahead of the NFP data release in this week.
I tried to calculate the Breakout Time Prediction based on a Symmetrical Triangle formation which is formed and there are 3 alternatives Breakout Time Prediction :
1. First Week of Sept 2014,
2. End Week of Sept 2014, and
3. End Week of Oct 2014.
On the other hand I also tried to calculate the bearish swing cycle, started from Sept 2011 High ($ 1,920) and ended on June 2013 Low ($ 1,180), the next cycle for bullish is starting from June 2013 Low ($ 1180) and ended in July 2014 High ($ 1,345). According to this calculation, Gold is actually in a bear market.
Does NFP data release would create a bloody gold and collapse ?
I guess at this time it is an event of economic data war.
I tried to calculate the Breakout Time Prediction based on a Symmetrical Triangle formation which is formed and there are 3 alternatives Breakout Time Prediction :
1. First Week of Sept 2014,
2. End Week of Sept 2014, and
3. End Week of Oct 2014.
On the other hand I also tried to calculate the bearish swing cycle, started from Sept 2011 High ($ 1,920) and ended on June 2013 Low ($ 1,180), the next cycle for bullish is starting from June 2013 Low ($ 1180) and ended in July 2014 High ($ 1,345). According to this calculation, Gold is actually in a bear market.
Does NFP data release would create a bloody gold and collapse ?
I guess at this time it is an event of economic data war.
