GOLD will be higher on Sun/Mon 15th/16th Aug and DOWN on 17th AUG and find support on 17th Aug. GOLD price action uncertain on 19th/20th Aug. I will watch which cycle is more closely followed on 19th & 20th.
There is an outside possibility that GOLD may be down after 15th/16th highs as per alternate cyclic model.
GOLD should present very nice trading opportunities this week as it is likely to be in ranging action. Periods like these are very good opportunities to trade.
This week's GOLD forecast is indicating DOWN pressure until 28th Jul'10 and 28th should present a good short term Buying opportunity for very good gains.. Although chart shows sell again on 29th Jul, but I would watch and may even wait till 30th Jul to see the force behind the UP move.
GOLD has already moved lower since the beginning of the week as was forecasted and we are experiencing the small bounce again as expected. Now the forecast is expecting a retrace from Wednesday's high into Thursday and then good move UP from Thursday lows to Friday.
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I am a seeker of Divine Love and Cycle research is my passion. My research is mostly astro oriented. I am of firm belief that there are natural factors which effect the nations, individuals, commodities price movement and ultimately markets.