Gold Commodity Market Has Reached An Important Resistance Level, Thus Get Ready for Gold Correction

Part of this was written on 12-02-09 and posted on other forums.  (PS. c lick on the charts to enlarge the chart size)

Gold Cycles Squaring:
In my humble opinion,  Gold Commodity Market has reached an intermediate top. Gold price from its all time low in from 1980’s, has been squared at today’s high level. There may be some fake out, due to stops being triggered. However, the price and time cycles have been squared from several analyses perspectives.

Gold Spiders Trust, symbol GLD high from 2/20/2009 squared at today ‘s prices. Gold 1980’s low got squared today., as well. GLD low on 10/22/2008, might get squared 12-03-09, thus we shall have confluence from very important low. (some of the informations on the Chart is revealed but not explained, to help stimulate pondering among seekers!!!)

Squaring Angles have also confirmed that squaring is either complete or shall be completed within a day or 2.

45 degree angle from a significant low or high, always, causes an important change in the direction of trend. 30 degree angle too balances, (remember, balances) the time and price. If the price have gone up rapidly, then it shall overbalance the time and price. Or if the trend is continuing in a normal ascend, then it shall help!!

(Click on Charts to enlarge)

THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS

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