I commence with my humblest gratitude to The Most Benevolent, The Ultimate All-Knower of All hidden and obvious, past, present and future.
Gold is following the financial markets, with some lag or lead time. Gold has been squaring its price cycles at the lows and highs. Based upon this recent high/low squaring, Gold has completed its squaring of its recent high, it confluenced within the time cycles band. Thus I expect a serious correction and/or decline in the gold price. $1,149 (+/-$8), is the first support zone area. (Two consecutive closes $8 above $1,237 shall negate the recent time/price cycle squaring (which I doubt very much, but it is good to know our stop-out level).
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
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Sire!
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