Gold and Silver Forecast Update

Gold/Silver Forecast 03/16/12

I commence with my gratitude to The Creator.

I have published some excerpts from the Weekly Forecast sent over to the Subscribers. You (and Subscribers) were forewarned that 03/22 would be turn date for Gold and Silver.

Results of the Forecast. 

See the results thereafter.

Gold has rallied $60 from the exact date of (predicted) reversal and so have the other precious metals, including Silver.. Silver has rallied over 6% since then... Thanks GOD for 99% success rate since the launch of the subscription service (Since 10/2010). I just had one week, where exact low or high was not predicted and was missed.

Gold and Silver Forecast 03-21

I commence with my gratitude to The All-Knower

On the right here, is a copy of the forecast from few weeks ago. Just today, I published an update for subscribers. See the excerpts from it and the current week forecast and It gives a longer term perspective of the gold and silver (thus of all precious metals.)

Hourly Chart Trade:

Gold has been rejected at the $ 1,662-$1,667 area

Break of $1,645 area shall trigger a sell off to $1,616 area

Break of $31.68 shall trigger a sell off

and then Silver shall be targeting for $29.90 area

Gold Daily Chart Analysis:

• Daily "Chart" tells a tale of short trade, which was triggered on the 03/01 or then on 03/09 and still in tact.
• Gold has broken below the 200 moving average at $1,675-$1,679 area. Was gold move and break below 200 MA a false move? I doesn't seem that way. (Be careful for Mercury trickster period). Unless gold is in 4th complex wave and wants to make one last hurrah up.
• My proprietary and favorite trend setter "cross over" is still down and has not crossed over to the upside. But I ought to be cautious about the divergence that has started on the indicators

Gold Weekly Chart for better perspective:

TWO Things to Note on This Chart of Weekly Gold

1. Gold has broken below the red trend-line. Gold must stay below until it test the yellow trend-line for support at the level of $1,598 area

2. Momentum indicator is apporaching a level of reversal and that could coincide with the $1,598-$1,600 level area. see the attached chart iv

3. I potentially see a H&S which could be bullish and confirmation of Wave 4 being in process.

NEXT TIME CYCLE

03/22/2012 AM is a time cycle.