Wednesday, April 10, 2013

GOLD Forecast For Mar'13 - May'13

I  had recently published my Forecast of GOLD for Mar'13 - May'13 on some forums and I uploading here as well.,

Forecast
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The Red line, Green Line and Purple line are forecasting the trend for GOLD from Mid March to April'13 end. It indicated a drop around 28-29th Mar'13 and Support/Bounce around 4th Apr'13.

Actual
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As seen from the chart below, the drop happened right after the time indicated by Blue ellipse and the bounce also happened exactly around the time where second Blue ellipse was marked.


A Drop in GOLD price was expected from 9th Apr-10th Apr and Turn around 11th Apr'13.

Actual
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