Gold and Silver Commodities Forecast Update

I commence with my gratitude to The Creator

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.

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.

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.

Gold and Silver Markets Forecast Dated 08/29/11 Update

I commence with my gratitude to The Creator

On 08/29, my gold forecast stated that $1,795 is an important level, rather, it was named "line in the sand". Failure at level would have been devastating. and Support at the said level, once achieved, was foreseen and forecasted as to have given a "springboard" to the Gold Commodity to get another boost of energy and thus buying. There wasn't any news at that time, just the importance of price cycle and time cycle. Once price had held at the "NHN" Natural Harmonic Number of $1,795 level, and especially within the time cycle of 08/30-09/01, then the rally was expected and the rally we have had in the precious metals.

Now, Gold is ready to eclipse the recent highs at $1,919 levels, as stated in my said forecast, "if this level holds, then gold shall lead higher than recent highs."


NExt price resistance levels shall be published in future posts, but they are not very near. ;-)

Gold and Silver Markets' Forecast Update

Gold Forecast Update 8-30-11

I commence with my gratitude to The All-Knower

Gold has reversed from the $1,840 area and came back to the test the support at $1,795 area. "This level is the line in the sand." Either it must give support or fail and then fail miserably. It seems that it could be failing to hold. Failure at the level shall start to create a Head and Shoulder pattern. Full manifestation of this pattern shall lead gold lower by at least $210-$240. (Reverse shall be true, if this level holds, then gold shall lead higher than recent highs.)