Gold falls off trend
Gold Jag fell off Dashed Black bounced off a standing curve Upper Red, breached the longer trend Dashed Yellow.
I call attention to the Blue Parabolas as a parabolic channel and in particular Dashed blue.
All current lines lay in place before the current price action. The Jag heard the Blue lines as it crossed them, and bounced off of Upper Red . The long Solid Blue is the Real trend as resistance . Dashed Black ( replacing now faint Dashed Green ) is very similar to Solid Blue.
I expect gold to trade between these two as it rises, Drop to Thin red if it falls.
I call attention to the Blue Parabolas as a parabolic channel and in particular Dashed blue.
All current lines lay in place before the current price action. The Jag heard the Blue lines as it crossed them, and bounced off of Upper Red . The long Solid Blue is the Real trend as resistance . Dashed Black ( replacing now faint Dashed Green ) is very similar to Solid Blue.
I expect gold to trade between these two as it rises, Drop to Thin red if it falls.
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