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| Gold Forecast 09-06-11 |
I had alerted the subscribers to my elite subscription service to watch out for the hours of 1-4 am (NYC time) for reversal and strong move thereafter. So we got the reversal and fast one and came along the big moves,.
Gold did find the reversal in the time zone, as predicted in the weekly forecast and had dropped over $45 since then, and had experience strong big moves.
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| Gold Forecast 09-06-11 |
Please see the updated chart
Current levels of $1,870's ought to offer support, thus another long entry. However, failure at the level of $1,876 area, shall lead gold lower to the $1,836-$1844 area.
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| See the Forecast made earlier |
SEE another chart, where it shows the upward channel. Finding support here and then bounce above the upper band, shall lead strong and VERY STRONG RALLY
$1,836 - $1,844 is strong support area, it must not be broken.
If gold pulls back to the test this area of support, then it is a good entry to go long again, with stop just below it.
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