Gold – Weekly Time & Price analysis

The S&P500 is still working out as per last weeks post, here’s Gold for this weeks analysis – nice and simple – it too is in the zones for both price and time.

Weekly Gold Price & Time

I’ve only included the time analysis for the WEEKLY chart – As you can see from a WEEKLY perspective it is in the zone, but it still could rally much further higher in both time and price – this particular upswing could last all the way until 30th May 2014! If the Gold market is respecting previous swings.

Daily Gold - Time & Price

As for Gold on a DAILY chart – we might see the uptrend continue into early March, then expect some sort of pullback or an end to this uptrend and resuming of the downtrend.

What is key in this market now is how the next Weekly cycle low prints on the chart, if we get a higher low then expect higher prices of some description.

 

Advertisements
Leave a comment

Comment Here:

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: