Today’s Predicted Gold Price Move = $1,000 . . .
Staying with the Major Trend in GOLD would have paid off well today, with hypothetical gains of $1,000 USD today alone. Our previous post showed that we were in a top price area shown circled in red on the chart below . . .
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EUR/USD Intraday Trading Signals Using 'Fibonacci Trends' approach for the last Week.
Using our 'Levitas' Principle Course, we confirmed that the coming trend was
DOWN and, the signal was early enough to be able to hypothetically capture a $1,000 profit within about 4-hour's time.
What comes next? Well, the same technique that brought us here is still in play. It would take a closing price above $1213, (with most of it's range above this price), to persuade that the present short-term downtrend was over. Until then, I'm looking for lower prices in GOLD. Good Luck. - George