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There are six points I marked on the chart to observe the wave pattern of price movements that points A, B, C, D, E and F. And of the last three observation points, namely D, E and F, appear only on observations made from the point D form a wave pattern down, the other of the two observation points E and F waves that form wave patterns still show Up.
The wave pattern down from point D will be failed if the price is able to move up higher than 1220.13 and Wave Pattern Up from point E will failed if the price is able to move down lower than 1204.64. Currently 1220.13 price point E in my opinion is very important because if price able to move higher than the mean wave pattern of point D will change form a wave pattern up. While the point D at this time is one of the lowest point of the main wave movements that make up the gold.
Hope it helps and inspires you all today.
Source : http://lemurianfx.com/tokyo-session-gold-02-10-2014/
TOKYO SESSION – GOLD Analysis, 02-10-2014
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Oleh
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