Commence with Gratitude to The Ultimate Knower
Gold after stalling yesterday, at the predicted high price zone, has bounced higher today. Does that the time cycles, which I was anticipating to create the change in the trend, created an inversion in the time cycle. If it is an inversion then, Gold is heading higher. I am neutral at the Gold, neither long or short, at this time and price juncture.
If Gold does go higher then, I have outline higher price targets.
(updated at 12.03 PM) I just looked at my time/price cycles tool (as you know, I am travelling), Gold is shooting for a higher target. (a commenter asked, if I was wrong? Of course, I was wrong yesterday.) To be wrong is reminder of the fact that I, being, a human shall err, sometimes. However, important thing to recognize it in time and strategies accordingly. Please see the attached chart.
http://trade-in-harmony.blogspot.com/
well said Mr Syed
GLD has traded within 5 pennies of forecasted high and
XAU has traded within 5 dimes of the forecasted levels. Those seem like the high of the day.
Thanks for your sharing and great work.
Traders must know that your are not their advisor, as you disclaim in your blog. But what you have FREE OF CHARGE to all of us, hundreds of us. It has no match.
Some people are always ungrateful, regardless, what you do. I remember one of hte comments from one of your very earlier posts. Someone said, these people are not worth it.
However, you have been always giving away FREE information which has benefited me great deal and help swelled my trading account.
I thank you thousand times for thousand of dollars, you helped me make.
Sam
Well done sir mr syed
Your higher target was achieved.
What is your take now? are we heading up or down?
Yes, Mr Syed
You have always done great job.
Even the top players like Michael Jordon have missed the shots.
But, as you rightly said, to recognise the error and correct it.
You have more correct than anyone I can think of in financial forecasting.
Michael Jenkins has been wrong so many times. but that does not change the fact that he is very good forecaster.