spot Gold (RL grid)

This remarkable RL/WL grid comes off two forks in May and July of this year. No forks have been drawn since and yet there is a remarkable level of accuracy between many of the lines and price action. It can be seen that there is a relationship between previous price action and future price action and understanding this and finding the relationship between the past and future price action-reaction is my holy grail. As i have said many times before these sorts of grids do not aid your trade entry or trade plan but can be used as a additional tool. Regarding the future of gold i am loathed to express an opinion and have avoided this market since a. failing to gain entry at what i considered a reasonable price (viz-a-viz levels in 2010) and b. being constantly confounded by the continuing energy and bizarre indicator readings and finally c. getting stopped out on a short position back in the spring. (the lower pinker RL in the 60 min E-Signal chart is merely an manual adjustment to where perhaps the true RL should be as there is often a large margin of error with hand drawn lines in lower TF's)