Loading ...DAILY GOLD CHART
FIB ARCS & TESLA PRICE AMPLITUDE ARCS
This Daily Gold chart highlights our proprietary Fibonacci/Tesla Price Amplitude Arcs and our Adaptive Fibonacci Price Modeling system. Although the chart may be a bit complicated to understand, pay attention to the GREEN ARC with the MAGENTA HIGHLIGHT near current price levels. This is a key price resistance arc that is about to be broken/breached. Once this level is breached with a new upside price advance, the $2100 price level becomes the immediate upside price target.
These Fibonacci Price Amplitude Arcs have become a very valuable tool for our researchers. They act as price resistance/support bubbles/arcs. When they align with price activity as price advances or declines, they provide very clear future price targets and levels where the price will run into resistance/support. Currently, the Price Amplitude Arc is suggesting that once Gold rallies above $1775, the next leg higher should target the $2000 price level, then briefly stall before rallying to levels above $2100.
WEEKLY GOLD CHART
This Weekly Gold chart highlighting the longer-term price picture paints a very clear picture for Gold traders. Once $1775 has been reached and the Magenta level has been broken, Gold should rally very quickly to levels above $2000, then target levels above $2100 within a few more weeks.
https://www.thetechnicaltraders.com/fibonacci-price-amplitude-arcs-predict-big-gold-breakout/