Monday, February 11, 2013

Gold Low - April 2013?

Latest update... April 12th, 2013 - This signal seems to be correct but I have been having trouble getting the exact trend in place, obviously with gold crashing and breaking below key support at 1530 a great deal of technical damage has been done, my latest look at the signal is pointing more towards April 26 negating my earlier estimate for the low this week.

May 12th update: Well my first projection was correct as Gold formed its big low mid April, I expect Gold to now rally into summer, the XAU Advance/Decline line for the stocks is showing a test is happening now (mid May), Will be looking for resistance this summer and then down into mid 2014.

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