Aw, you have to just love it. The press and the talking heads and gold merchants are forever plying their story line about GOLD dramatically rising with no limits in sight. Now, don’t get me wrong, I’d love to be able to say that this was what was going on right now, but, that would only be joining the emotional crowd and spouting ‘feel good’ market reports.
Gold has been declining ever since 2011. That’s about 5 years now.
Yes, there has been some positive movement upwards over the last year, but, this only from the extreme lows made in December last year. Yes, there’s been lots of news about Gold lately as it has rallied to it’s present high area. But, No, this isn’t the good news most suppose.
The reason Gold is back in the news is because GOLD has rallied to a top made a year ago and, from which, it promptly declined to make new lows. We face a similar possibility again. This can be clearly seen on the chart above once we take away the emotional excitement and the bad economic news (which is everywhere it seems).
Everyone wants a rocket ride to the Moon with Gold as the launch vehicle. This will come in it’s time, but, don’t be fooled by the loud voices. These same voices have been wrong now for years. They have no credibility left or shouldn’t. For years, on this website, I’ve told the Truth about the markets over and over again. Not that the predictions were popular, but . . . they were almost always correct especially about the long-term trends and the fake rallies and dips. Those of you who have been following for years now know this to be true.
If GOLD can break above $1300 on the Weekly Close, only then, can we prepare for a real ride to the upside and an end to the 5-year decline we’ve seen. What we’re likely to see instead though is another decline to lower levels. Watch for prices to break steeply lower if we have a Daily Close below $1200. Stronger confirmation will occur if we have a Weekly Close below $1200. – George
IMPORTANT NOTE TO LOYAL READERS:
There’s a new e-mail address to be used for contacting me (due to an avalanche of spam at the old address) you can either enter your email into the slide-in info request box to be entered into our new member list or you can note the new address at: grharrison(at)wdgann-lost-secrets.com [replace the (at) with the @ symbol]. Thank you.
We’re starting the New Year out looking at the intraday GOLD market to assess how it stands.
First observations are that we’re in a weak position on the hourly and even on the daily with (Excalibur Method) SELL triggers already given twice.
Check out the chart . . .
The red ovals show the first points of trend change. Keep in mind we’re looking at half-hour bars here, so, this trend is short for the short-term within the larger trend. Expect a drop from here especially if we complete a half-hour bar whose range is largely lower than the oval indicated price area of $1154.
An uptrend will require that we take out the $1192 price level with bars and their ranges above this price. Again, this would be an extremely short-term trend.
This is just a preliminary look at GOLD, we look deeper in the coming days ahead. – George
As we’re now moving into the last month of the year, we’re also in a very special period of the year.
You’ve Waited All Year For This! DON’T MISS OUT!
This has been the time when I offer those who have been waiting all year to purchase some of the educational materials we offer here the very best price of the year. This includes the Excalibur Method which we’re highlighting here in today’s post (as in so many posts over the past 4 years time on this website).
Those who had purchased the Excalibur Method would have been able to watch GOLD this last Friday as it subtly shifted it’s trend and using Excalibur, could have hypothetically nailed the very beginning of the turn downward in price (*See the Chart for Hypothetical Trade):
This GOLD trade alone was potentially worth thousands of dollars.
Market opportunities like these will abound over the next weeks and months.
And, these are the type of moves that can go a long way towards recovering funds lost while trading without such an effective methodology as The Excalibur Method.
Are you ready to take a real holiday from market confusion and start taking control or your own trading destiny?
Please note that I can only process just so many orders in the coming weeks and the special price will be withdrawn at the end of this time period. So, get to the head of the line by ordering today.
Thank you for your continued interest in our methods and courses over this last year (and previous years). I wish you the very best in the New Year ahead and hope that you’ll be sailing in more prosperous market ‘waters’.
Our mission here is to help you in attaining just that goal with the very best analytical tools available anywhere and ONLY FROM THIS SOURCE. – George