Gold Higher in the next 6 weeks ?
Work in Progress.
This is not cyles but velocity (momentum) of Price Action. Using GLD as a proxy for Gold, it looks like gold wants to go higher from here. The fastest curve(cyan) already gave us a signal. But the slowest curve (black) will reverse in the next days. It is possible that we move higher from here before pulling back for the next real move like last September. Note it is still possible that we make another low but we should move higher in the next 6 weeks imo. Look how Buy and Sell signals were succesfull for the last 80 days.
Sir Gabe …..Keep this posted.
That is great stuff so far.
Need more track record but that’s pretty sharp !
PS…keep those oscillators proprietary….adds to the mystery
🙂
Thanks FGC.
Will post an update each week.
I can’t quite correlate oct 20 and nov21 to the X time axis. Would love some help here…
Thebeek
Update the chart with the X-Axis.