Weekly $Gold turned bullish as of Friday 21 Feb 2014 close.
Below is our bullish scenario if the monthly close is above $1240.
Monthly bear trend could well be coming to a close.
Monday, 24 February 2014
Monday, 17 February 2014
Weekly projection 17th Feb 2014
Weekly and monthly Gold still in long term bear trend.
A Feb 2014 close above $1240 would indicate a possible change in the monthly trend.
Our weekly projection is a more detailed look at A and B from our previous post.
A Feb 2014 close above $1240 would indicate a possible change in the monthly trend.
Our weekly projection is a more detailed look at A and B from our previous post.
Tuesday, 11 February 2014
Double bottom or lower low to come?
Our mathematical model has three different scenarios for the future price of Gold.
For projection C to be realistic Gold must close the month of February 2014 in the region of $1240 this would validate the double bottom many favour.
A close below $1200 brings A and B in to play, currently we favour A and B as the more realistic scenarios with B being the scenario that most fits the current cyclical bear.
All our mathematical modelling suggests that when we run our most bearish scenario - projection A we still get a June 2014 low circa $925 followed by a 50% rally the following 18 months.
Please review our previous posts from March April 2013 to see which way we placed our bets prior to the big declines. Our maths allowed to go short at the most opportune time.
For projection C to be realistic Gold must close the month of February 2014 in the region of $1240 this would validate the double bottom many favour.
A close below $1200 brings A and B in to play, currently we favour A and B as the more realistic scenarios with B being the scenario that most fits the current cyclical bear.
All our mathematical modelling suggests that when we run our most bearish scenario - projection A we still get a June 2014 low circa $925 followed by a 50% rally the following 18 months.
Please review our previous posts from March April 2013 to see which way we placed our bets prior to the big declines. Our maths allowed to go short at the most opportune time.
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