I commence with my gratitude to The Creator
Below is the chart from the class discussion of Master Trader Course. One of the students brought my attention to the chart. Thereafter, we had analyzed the index. I was asked that if his analysis of XAU going to $144 was valid. Upon review, we concur based upon applying the tools learned during the Master Trader Course. Today it has reached the level of $144. Which coincides with the 50% retracement from the swing low in November 2009 to all time high in December 2010. Furthermore, it also touched one of the proprietary indicators of price/time cycles lines, which offer strong support, sitting right at the $144 level.
Below is the chart from the class discussion of Master Trader Course. One of the students brought my attention to the chart. Thereafter, we had analyzed the index. I was asked that if his analysis of XAU going to $144 was valid. Upon review, we concur based upon applying the tools learned during the Master Trader Course. Today it has reached the level of $144. Which coincides with the 50% retracement from the swing low in November 2009 to all time high in December 2010. Furthermore, it also touched one of the proprietary indicators of price/time cycles lines, which offer strong support, sitting right at the $144 level.
Therefore, a strong rally is expected in XAU and targets are $166 and $172. That means a strong rally in Gold, Silver and GLD, SLV etc
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/