Tuesday, May 11, 2010

Gold Has Reached An Important Resistance Level, Thus Get Ready for Gold Correction - UPDATE

I commence with my humblest gratitude to The Most Benevolent, The Ultimate Knower of All, for the Countless Blessings and ability to share with others.

I have previously stated on May 09 (Sunday) that Gold Commodity is running high on thin air. Therefore, I would be NOT be long at this moment. I, rather, shall be looking for "Sell" opportunity. Today Gold Spider, symbol GLD, completed several of its Price/Time Cycles. Plus it has triggered natural harmonic numbers (NHN) cycle, too. Thus Buckle up and get ready for serious decline.  Click on the chart to enlarge.

10 comments:

Anonymous said...

Thank you! Markets are amazing. Strange with the numbers etc.

Patrik

Quality Stocks said...

Mr. Syed
Very interesting....I do not know many who are calling for this type of correction in the gold market. I thank you for your thoughts to today.

Hasgo Trading Company LTD said...

Thanks for the update sir.

Be blessed

August

Unknown said...

There aren't many who would say this when Gold is making new highs ! How much do you think will be the correction from here ? Is the TOP in place for gold ?

John said...

Dear Mr Syed ,
I agree with you for 11th May high +1 -1 day - as I agreed with you back in Dec 2009 for high .
I also have 18th May and 31st May for CIT .

Best
John

Harmony Teacher said...

Thank you much for kind comments

Harmony Teacher said...

Dear John
Thank you for conference. Such dates are very important, as they are in confluence with other methods of time cycles, as well

Anonymous said...

nothing is happening so far.

Harmony Teacher said...

Dear Anonymous (no name)

You could have waited a bit more.

I cannot thank My Creator enough for all the blessings and knowledge.

Anonymous said...

good an amazing go down, i don't know wich chart you use , the gold/usd made a hudge mouvement down yesterday making a good gap
thank's for sharing