GOLD YEAR END REVIEW - 12/29/2016

DECEMBER 29TH, 2016 UPDATE

Getting close to the end of year.   An overview is in order...

WEEKLY TIME

- IN 2016, GOLD EXPERIENCED AN OVERALL LIQUIDATION

- GOLD COMPLETED A HI-LOW TRANSITION WITHIN 20 YEAR PSYCHOLOGICAL HVA

- ZOOM IN TO EXAMINE THE RESPONSE TO THIS EDGE

4 HOUR TIME FRAME VIEW

- GOLD LIQUIDATION OVERSHOT PSYCHOLOGICAL 20 YEAR HVA EDGE SLIGHTLY

- PRICE PUT IN AN EXTENDED 10 DAY ROUND BOTTOM (TWO TRADING WEEKS)

- PRICE HAS REENTERED THE PSYCHOLOGICAL 20 YEAR HVA

5 MINUTE VIEW

- SHOWS AFTER TWO DAYS AT PSYCHOLOGICAL 20 YEAR HVA EDGE RESISTANCE

- SHOWS PRICE ACCEPTED INTO PSYCHOLOGICAL  20 YEAR HVA RANGE,

- PRICE DEMONSTRATING RESPECT FOR THE SMA 200

CARRY OVER CONSIDERATION:
- BULL RATIONALE FOR TREND TRADING: DAY TRADE 4 DAY MARKUP TREND
- NEUTRAL TRADING RATIONALE:  PRICE IS ENTERING FAIR VALUE REGION

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