Monday, August 29, 2011

Gold Forecast of 08/25 Update

I commence with my gratitude to The Ultimate Knower

Gold forecast of 08/25, update
On 08/25, I have stated the following possible case scenario, "and strong and decisive close above the $1,795 shall re-ignite the rally". and published the following chart, please click on the link.

Well, thanks to The Almighty, green arrows depicted the exact move of the Gold commodity, It got resisted at $1,795 area, then pushed back to the $1,760 area.

Then after the successful test the support at $1,7960 area, gold bounced off and rallied higher to $1,795 and thereafter, surpassing it and leading the $1,840 area. That is another $80 move expected by my forecast, have come to the fruition.

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