Why 1225?
Why you use softwares? The real trader never believes in machines/Softwares.
Here is the analysis without software in old school way.
Monthly base levels ( calculated with other technique that I will not get into )
1256.xx
1234.xx
Domain -12,9 drawn at 1256.xx
Domain +0,17 drawn at 1234.xx
Monthly Timing dates:
2017 March 4
y- intercept
2017 April 5
x - intercept ending.
y-intercept High at MDCIP 80 / 110 which by calculations is 1289.xx
From Domain Right +0,17 small Transversal is drawn down to x-intercepter end point.
The baseline of the march is 1210.xx so we use Interval Notation at that level.
Small Transversal is crossing the IN at +/- 0.
At -2 we have Discontinuation break below 1245.xx
At +2 we have Break of y-intercept + d4/22 Transversal.
So after breaking d4 transversal upwards if there is no test back of that level that means we would be bullish for a d4 end point upwards which is 1270.xx ish.
We noticed a test back and test back appears at 1225.xx level.
After going more up and hitting Domain Right at + 0,17 we look for drop to 1225.xx
Did not happen.
We know that then we need interval notation tool and new transversal pointing downwards from Domain Right to x-intercept end point, but must be within the range of -33 to + 33 degrees.
Transversal successfully at -33 degrees.
Interval notation analysis valid for timeframe March 22 to April 1, and cannot be outside this timeframe.
We draw new y and x-intercept.
x-intercept starts and ends where the IN and cannot extend.
the y-intercept is at +2 on IN and cannot be elsewhere and the High must be at D4 transversal because we need parent transversal ( small green one ) and must be within -110 to -160 degrees count and cannot exceed.
Once all is drawn we then look for confirmations.
Transversal Cross is at 0 on IN so we draw small parent transversal from D4 pointing right at 0 downwards.
In order for gold to be bullish, it cannot break this transversal and must go up to estimated target 1270.xx ish.
Gold break it.
We look for interaction with y intercept and d4/22 transversal if break y-intercept and bounce from d4/22 up to previous High 1260 which aligns with IN 0 then target change from 1225 to 1210.
If break y-intercept and break d4/22 transversal then the target can exceed 1225 to 1214, but for that gold need to break x-intercept at +4 on IN scale. If x-intercept is broken downwards before it aligns with +4 on IN scale then that means gold will reach estimated bearish targets ( 1225 ) but will go back up to reach D4 1270.ish target.
End of ....
I would die if I would have to do such analysis every day, that is why I have created a machine that calculates all this for me and just prints the numbers. We live in 21'st century brother, seems that some of you are stuck in 90's.
Only noobs use robots... Well, I love to be a noob.
Like I said I trade using only mathematics and formulas, period!
In simple words would love to see a drop to 1225ish and afterward's when it is the right time back up to reach 1270-1304.
Good Luck.