Gold and Silver Forecast Update dated 9-23-11

I commence with my gratitude to The Creator

In my previous post, I stated, when gold did fail to recover the $1,818 level (and failed also at the $1,785) then my bearish chart took over. Where I had stated that Gold would tumble, at least, it keeps failing to find the support at $1,785, "LAND IN THE SAND", and I further forewarned to watch out for downside of at least $180-$210.

One of my subscribers/students, once asked me about Silver when it started rallying in July. I told him that Silver hit $30, before, it go back to the $50 level.

Gold and Silver Forecast Update

I commence with my gratitude to the Creator

I commented in my last forecast and analysis and underscored as following,
"Both metals are about to break out to the upside, as long the level of $39.50 for silver and $1,800 is held for gold. "

Well both metals failed to keep the support, thus imminent was my previous post, when the gold broke the $1818 level and I had shown that said level is very important and failure at these level always portends a decline. So got the decline. and of course in a big way... ....

Gold and Silver Forecast 9-20-11

Silver Forecast 09-20-11

I commence with my gratitude to The Ultimate Knower

Gold dropped as I stated in my last week forecast, however, it found the support just in the area, below my important level, $1,785. Areas between $1,818 and $1,785 have been acting strong resistance and support. Both numbers are NHN Numbers.

Below is the copy of my elite subscription service for god and silver and it is being published once again FREE of Cost for Now, to let more avail the opportunities. (For inquiries, please send an email to Trade.N.Harmony@gmail.com).
Next time cycle for CIT, is not until the weekend....!

Gold Forecast Chart 09-20

• Gold, after dropping below the $1,795, according to my forecast, tested the $1,785 and even $1,778 area. Once it settled down in said area, and regained the important level of $1,785, then rally was imminent. From there, it shot straight upto my level of previous support and resistance of $1,818.
• Gold have retraced back up the $1,818 area and retested the resistance and settled down around just above $1,800 area. 
• As long it stays above this area, this area shall act like a springboard.
• Silver also has found the support at the obvious level of support in just above $39.50 area. 
• Both metals are about to break out to the upside, as long the level of $39.50 for silver and $1,800 is held for gold.