CGETrading

I got it from, www.ask-socrates.com www.armstrongeconomics.com

Gold elected the Daily bullish reversal at 1795.8. Next weeks outlook is bullish, at least on a short term basis. The next Daily bullish reversal stands at 1804.7 which provides a 90pip trading range.

This is what the Socrates Array for Daily Gold looks like; Socrates Commentary (ai): The strongest target in the Daily array is Mon. 17th for a turning point ahead, at least on a closing basis. There are 4 Daily Directional Change targets starting from Fri. 7th to Wed. 12th suggesting a choppy coiling period for 4 Days. It does appear we have a choppy period starting Thu. 13th until Mon. 17th with each target producing the opposite direction for that 3-day period. There are 4 Daily Directional Change targets starting from Fri. 7th to Wed. 12th suggesting a choppy coiling period for 4 Days. Don't forget, a Directional Change can also be a sharp dramatic move in the same direction, not just a change in direction.

Very interesting, thanks for sharing!

Next week looks choppy with directional changes from the 7th-12th January. However the beginning on next week should trade in a bullish posture according to the arrays. Sticking to the reversal system, we need a closing above 1795.8 today to imply a continued bullish move to the upside. TD Combo and Sequential just perfected a Buy Setup, supporting a bullish outlook into next week.

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Todays reversals to pay attention to.

https://www.armstrongeconomics.com/uncategorized/january-6th-ukraine/

Here are coming dates in the Economic Confidence Model.

It is very interesting to see all this unfold on the date set by the model.

January 6th, 2022, Civil Unrest https://www.armstrongeconomics.com/world-news/civil-unrest/january-6th-2022-civil-unrest/

Price did not elect the daily bullish reversal, market remains in a bearish posture, at least on a short term basis.

Weekly and Monthly Reversals.

We need to close above the monthly bullish reversals to imply a further advance becomes possible. Note these levels are only valid this month. When gold starts to elect bullish reversals, that is when we can see a rally. Here are todays reversals to keep an eye on,

He is on point with the conflict of Ukraine and Russia. The Socrates model points to January 6th as a potential breakout in war on the Ukraine model. From a technical perspective Gold can rally from this point on, on a monthly basis.

Gold closed below the bearish reversal and is now trading inside of the range displayed on the chart.. It is wise to short the market at the higher level as a continued move down is expected through out the week or at least until January 6th.

The daily bearish reversal stands at 1805.4, we need to close below this level today for a continued moved to the downside. The next level stands at 1798, then 1784. Looking at the arrays, a continued decline during this week is likely with the opposite trend then implied next week.

TD Combo and Sequential are also starting to show 9s and 13s across the timeframes, indicating that momentum is likely weakening at this area,

There is a daily and weekly reversal lining up at 134.9. If price reach this level in the first week of trading and a bearish topping pattern forms on the lower time frames am looking to go short -on a short term basis. Reason: weekly+daily reversal alignment, leg 3, stochastic overbought, uptrend line resistance. Opposite, if price close above the reversals on Friday I am going long.

Happy New Year! The year end close of 2021 went above the downtrend line suggesting a continued move to the upside, challenging the $1900 level. However a re-test of the downtrend line is still possible.

Thank you MongilG, If price fails to close above the monthly downtrend line at 1820 then a decline to the “#cyclical support 2” becomes possible. Looking at the Daily chart of Gold the 1800 level stands out as an important level to watch. Currently a move down, closing below 1800 will support a negative outlook going into early 2022. However a positive close above 1800 and a close above cyclical resistance warns for a potential rally, testing the monthly downtrend line.

This is my first post on IG I will start off with a cyclical analysis of Gold (XAUUSD) heading into 2022. The next war target from a cyclical perspective is January 6th according to the Socrates Ukraine Model (source: Ask-Socrates.com). This could potentially be the date Russia attacks Ukraine. Russia has been building up its troops close to their border and war could erupt in early January. This should bring the price of Gold up, as it is a hedge against war. The collapse in government-confidence world wide is also backing up a Gold rally come 2022. The long term target in Gold is $6000/ounce. If price rallies, it will continue in the angle plotted on the chart, which is derived from the major cycle low.